Apple to launch $1,000 iPhone this year, its market cap could reach $900 bn

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Apple's expected launch of its $1,000 iPhone this year would give it market capitalisation of nearly $900 billion, making it the first company ever with such a mammoth valuation, a media report said.

"Apple will unveil its first $1,000 iPhone in September and that it could help rocket average selling prices and gross margins and 'drive meaningful upside' to the stock," marketwatch.com reported on Saturday.document.write(""); googletag.cmd.push(function() { googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop', 'div-gpt-ad-1490771277198-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().enableSyncRendering(); googletag.enableServices(); });

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