Apple would be the first company to earn such huge valuation as its expecting market capital of nearly $900 billion. New iPhone of $1000 to be unleashed in September this year and it could help to raise average selling prices, profit gross margins and ‘drive meaningful upside to the stock’ reported on Market Watch.

Apple Expecting Mammoth Valuation of $900 Billion with iPhone Launch

Earlier in this month of May, market capitalization for the Apple soared past the threshold of $800 billion, leaving the company at the value of $797.8 billion. Alphabet, the Google’s company in terms of stats is the second most market valuable company with $653 billion. It is followed by the Microsoft on number third with valuation of $532 billion.

Around 50.8 million iPhone handsets had been sold in the 1^st quarter of this year which is down 1% year after year according to second quarter results shared by the company.

Apple Pay, iCloud, App Store recorded 18% shift in sales i.e. $7 billion, a dip in iPhone sales.