Apple Will Hit a Trillion Dollars Sooner Than You Think

Apple Inc. (Nasdaq: AAPL) unveiled its new iPhone 8 on Tuesday, along with the higher-end iPhone X. The latter is pronounced "iPhone 10," as in 10 years since the original Apple smartphone debuted, and will retail at a hefty $1,000.

Apple is expected to sell 85 million phones in the final quarter of 2017. But Money Morning Chief Investment Strategist Keith Fitz-Gerald isn't interested in that number. Keith joined FOX Business Network's "Varney & Co." to tell us what we should focus on when we look at Apple.

Then host Stuart Varney asked him how soon AAPL's market cap will hit a trillion dollars. He needed to catch his breath after he heard Keith's answer.


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