Apple shares jumped after a strong earnings report, in which it forecast record sales and revealed a huge cash position of nearly $270 billion. Gene Munster, Managing Partner at Loup Ventures, stopped by to recap the results. Munster says he believes that this was Apple's best quarter in 4 years. After opening for trading with a market value of $900 billion, Munster says there is nothing stopping Apple from becoming the first publicly traded company to reach the $1 trillion market cap mark. In the near-term, enthusiasm for the iPhone X will continue to help the company's shares, but concerns over what the next product might be could hold them back in the longer term, according to Munster. Apple's cash pile gives the company the flexibility to acquire a wide range of companies. Munster says he wishes Apple would buy Tesla but doesn't think it will happen. He also adds he doesn't believe Apple will make a big play in traditional content.