According to the latest research note from an RBC Capital Markets analyst Amit Daryanani, Apple’s market cap may reach one trillion dollars within next 12 to 18 months. The main reasons for the rise of Apple’s market valuation are anticipation for the rumored OLED iPhone 8 and growth in the Services category driven by Apple Music, Apple Pay and other services the company provides to its customers.
Apple has stopped offering a free three-month trial for Apple Music in Australia, Spain, and Switzerland. Instead, the company is charging those who want to become the streaming music service subscribers a little sum of money.