Apple's Market Cap Could Reach $900 Billion Post $1,000 iPhone Launch: Report

San Francisco: 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.  Earlier t...