USSTOCK.TODAY
Weekend. Closed
Log in Sign up

Apple New Product Launches and Market Cap Rise: Potential to Surpass Nvidia and Reach $10 Trillion

The Motley Fool +4 · ·by G4L

AAPL Apple Inc
$342.37 -0.52%
View chart & analysis →
NVDA +2.78% META +0.84% GOOGL +0.78% GOOG +0.78% AMZN -0.35%
  1. 1Apple recently unveiled the iPhone Duo, HomeView, and touchscreen MacBook Pro.
  2. 2iPhone sales, which accounted for nearly half of Apple's $416 billion revenue last year, drove growth.
  3. 3For Apple to become a $10 trillion market cap company, it must rise nearly 100% from its current level.

So what's the key point?

Apple introduced new iPhone and MacBook products. iPhone sales are driving growth by making up nearly half of total revenue, and the company's value would need to increase by almost 100% to reach a $10 trillion market cap.

Source The Motley Fool +4 · View original ↗

Related 3-line summaries

S&P 500 drops more than 4% as AI-related stocks plunge Yahoo Finance · 35m agoTSMC considers expanding advanced memory chip production following NVIDIA request Investing.com · 7h agoNvidia rebounds after 9.3% drop on Thursday Investing.com · 7h ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news