Keith: Apple Will Be a $1 Trillion Company by the End of the Year
Apple Inc. (NasdaqGS:AAPL) unveiled the next item in their device family this week: the iPhone X. But, as Keith points out on Varney & Co., investors should keep their eye on the services revenue rather than sales “gee whiz” gadgets. It’s a segment that, by itself, is the size of a Fortune 100 company. Growth in that segment combined with a loyal customer base could push Apple’s market cap over the $1 trillion threshold by the end of this year, as Keith boldly declares in this clip.