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Apple Innovates and Ascends toward $1 Trillion Market Cap

Apple Inc. (Nasdaq:AAPL) revealed innovations at its recent worldwide developers’ conference that should help the company to keep growing its revenues, profits and share price while it also ascends toward an unprecedented market capitalization of $1 trillion.
The results of the developers’ conference on Monday, June 4, in San Jose, California, led the investment firm D.A. Davidson to boost its 12-month share-price target on the Cupertino, California-based technology company to $230 from $220. The increased share-price target is based on an updated discounted cash flow analysis that includes a long-term adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin forecast of 32.0%, compared to 29.1% in fiscal year 2017.
Apple’s management used the developers’ conference to announce upgrades to its four major operating systems: its iPhone (smartphone) and iPad (tablet); Mac (laptop/desktop); Apple Watch (consumer Internet of Things — IOT); and Apple TV (consumer IOT). In addition, Apple’s new mobile operating

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