Apple $1 Trillion- Apple could be worth $1 Trillion in the coming days. Apple, one of the most lucrative companies in the world from the last few decades could reach a market cap of $1 trillion, Business analysts say on Monday.
Apple has a staggering value of roughly $670 billion, the top among S&P 500 companies. Microsoft stands as second at $409 billion.
It is not impossible to attain Apple $1 trillion market value. The Cupertino giant company is leading a total of $185 billion to all of the 20 companies combined market values in the Dow Jones Transportation Average, CNN reported.
The possibility for Apple to hit the $1 Trillion mark is very close. This has been the claims of many investors such as Carl Icahn who has about 53 million shares of Apple.
"Apple is one of the best companies I would say of the last few decades," Icahn said on Monday. Because Apple is undervalued and has a pile of money, "it's like a no-brainer to buy your own stock back," Icahn told Reuters.
Steve Einhorn, a top executive at Omega Advisors Inc. has addressed the Cupertino company as an "attractively priced, double-digit returner" during the Reuters Global Investment Outlook Summit in New York. He added Apple $1 trillion benchmark will soon be attained.
With the released of flagship iPhones, Apple has reached 42 percent growth in its market share value this year with the highly predicted sales of iPhone that gained 40 percent increase. Most of the analysts assume that Apple $1 trillion mark could be attained if share value will be $167 per share.
It seems that this is not really a dream for the tech giant company thinking that Apple is selling its line of products such as tablets, PCs and iPads like hotcakes.
Could Apple $1 trillion market value be really possible?
Colin Gillis, an analyst at BGC Partners thinks that Apple could be surpassed by its other competitors like Google and Microsoft. In a report last month, he discussed that Google and Microsoft have better chances of hitting the $1 trillion target.
He stated that unlike Apple that is only focused on its Apple products, Google has wider range of services while Microsoft is already upgrading its services to cloud platforms.
He further said Apple is concentrating only on its smartphone gadgets that have a very slim margin. He left a challenging question before he ended, what if Apple suffered the same fate like Sony and Nokia?
What do you think could Apple attain its $1 trillion market value next year?
