# Professor Aswath Damodaran shares his prediction for the iPhone 8's impact on Apple's valuation

1 Faculty News August 30, 2017Excerpt from [CNBC](https://www.cnbc.com/2017/08/30/how-apples-market-cap-could-reach-1-trillion.html) -- "'It continues to be a bet on the iPhone, with a great deal riding on how well the iPhone 8 does,' [Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran), a professor of corporate finance and valuation at New York University's Stern School of Business, told CNBC in an email. 'If it does well, I think \[Apple\] will make the trillion dollar market cap,' he said. 'If the iPhone 8 does badly, all bets are off.'"

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