The report stated that iPhone and Apple services represented the largest revenue growth. Currently, Apple is worth $935.3 billion and should stock should rise by just 7%, then it would hit the 12 zero milestone.
According to Variety, the iPhone X has been a best seller since its launch. This contributed to the company’s revenue-boosting.
Cook commented “We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” he said in a press release. “Our Q3 results were driven by continued strong sales of iPhone, Services, and Wearables, and we are very excited about the products and services in our pipeline.”
Since Apple is said to be reaching for new markets with the up and coming release of its new range, this might just be enough to push the company over the $1 trillion mark.