Apple (AAPL) shares reached a new intraday all-time high on Monday, crossing $168 a share.

Apple's market cap now stands at $860 billion. TheStreet's Brian Sozzi thinks the tech giant's market cap could surge to $1 trillion by the end of the year, a 14% gain from its current level.

With Apple iPhone X demand seemingly "off the charts" according to the company, hitting a $1 trillion market cap may not be as zany as it first sounds. 

Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

Former Apple CEO John Sculley still isn't wearing an Apple Watch. 

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