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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.
Editor's Note: "Must-have" companies backed by Unstoppable Trends are a cornerstone of Keith's wealth-building strategy. But there's another type of investment he wants Money Morning Members to know about. It's one of his favorites, a kind of "desert island fund" he'd buy if he had to park his money in one place, "retire" from civilization for 20 years, and come back to a pile of money. Click here to learn more…