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

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

Apple iPhone X demand is "off the charts," according to the company. 

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