Apple is set to become the first US company to break through $1 Trillion in value

The worldwide famous technology giant is about to break a record as the richest US company in history, as analysts are predicting Apple’s market value to skyrocket to a whopping $1 Trillion soon.

The predictions came after Apple’s market capitalization reached over $900 Billion for the first time last Friday, as shares have been boosted thanks to an impressive revenue report of the last quarter which was revealed a day before the iPhone X released. The company had since saw a minor descent into $892 Billion, but analysts expect it to get a nice boost to break through $1 Trillion in value for the first time in American history.

Apple had revealed a revenue of $52.6 Billion exceeding all predictions of $50.7 Billion in Q4. This is thanks to the company selling more than 46.7 million iPhones during that period which is a %3 increase over last year and 600,000 more devices sold than predicted.

Apple hopes to see strong sales this Holiday season for its newest iPhone X, which is the most expensive smartphone they’ve produced with prices starting at a thousand dollars. The device’s launch seems promising, with long lines of customers in front of Apple’s worldwide stores since Friday to get the new phone.

“The bottom line is that Apple is dominating high-end smartphones and associated services,” said analyst firm Macquarie. “Our bullish view of [iPhone] X is driven by the fact it is the most innovative iPhone in years, and that the more limited innovation of iPhone 7 still led to 215 million phone sales.”

It’s worth mentioning that the only other company to have exceeded $1 Trillion in value in the last ten years worldwide was a Chinese energy firm in 2007 and had that record briefly. Apple’s ability to bring in more sales every year serves as reassurance to investors who were worried that iPhone was beginning to die down in the market, something that’s completely untrue.

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