Apple is $100 Billion Away From Becoming World's Only Trillion Dollar Company

[MacRumors]

Apple shares are currently trading for around $175, giving the iPhone maker a market cap of roughly $900 billion. The valuation puts Apple within $100 billion of becoming the world's only trillion dollar company.

Apple shares will have to rise to around the $195 mark for the company to reach a trillion dollar valuation, depending on the rate of its share buybacks, and an increasing number of Wall Street analysts think that will happen.

Drexel Hamilton analyst Brian White, who is extremely bullish about Apple, has a lofty 12-month price target of $235 for the company's stock. In other words, he forecasts that Apple could be a $1.2 trillion company within a year.

With a market cap of over $900 billion, we believe Apple is on its way to becoming a "trillion dollar baby" as reflected in our price target. We were the first on Wall Street to project that Apple would reach a $1 trillion market cap as reflected by a price target; our current price target of $235.00 equates to approximately a $1.2 trillion market cap.

RBC Capital Markets analyst Amit Daryanani has also said Apple has the potential to achieve a trillion dollar market cap, and even surpass that valuation, by the end of 2018. His current price target for Apple shares is $190.

Apple could be the world's only trillion dollar company, but it wouldn't be the first. The spice trading Dutch East India Company, founded in 1602, was the first to go public and at one point was valued at over $7 trillion when adjusted for inflation.

Wall Street analysts, including White, have been prognosticating Apple becoming a trillion dollar company since as early as 2012.

Article Link: Apple is $100 Billion Away From Becoming World's Only Trillion Dollar Company

 

[pat500000]

I be damn.

 

[Baumi]

Wow. And I'm just one billion dollar away from becoming my family's first billionaire…

 

[smithrh]

For those of us that have stuck with, defended and been belittled for supporting Apple since the 70's, this is good.

Fully recognize the downfalls of such a big company, but man hearing "dooooomed" for literally decades was a pain...

 

[44267547]

And To think this company almost 20 years ago was in the ruins. And now they're almost the only company to be a 1 trillion Dollar business. Amazing.

 

[SR71]

Absolutely insane.

 

[Nunyabinez]

I remember when they used to say "a billion of anything is a lot."

 

[scrapesleon]

Keep up the good work Tim

 

[mcfrazieriv]

If amazon keeps expanding ...

 

[Return Zero]

I bought a few more shares just about a month ago when it was around $150. I'm definitely on the $200+ target train.

 

[DipDog3]

Such an insignificant metric.

 

[Jon Rowlison]

Give me a heads-up when it hits exactly $1T market cap... then I'll sell my shares and buy them back when it drops back to $900B.

 

[djcerla]

The stock is in slo elevator mode at the moment, after the positive earnings report.

One trillion should be a matter of a couple of months, barring World War III.

 

[Plutonius]

For those of us that have stuck with, defended and been belittled for supporting Apple since the 70's, this is good.

Fully recognize the downfalls of such a big company, but man hearing "dooooomed" for literally decades was a pain...

It actually only matters to people who are shareholders. Apple is only a company like every other company.

 

[SlowX]

Wish they'd cross the line with another reinvention of the personal computer instead if a watch that blinks when it's time to feed the cat.

 

[trusso]

Now would be a good time for that Michael Dell quote.

 

[neosupreeth]

The Dutch East India.. Thanks to all the plundering of all over the world!

 

[StevieD100]

Apple shares will have to rise to around the $195 mark for the company to reach a trillion dollar valuation, depending on the rate of its share buybacks, and an increasing number of Wall Street analysts think that will happen.

I am beginning to wonder when the calls for Apple to be broken up will start to become really noticeable.

 

[Aluminum213]

Whenever I think of Apple's financial success it brings a smile to my face, it seems to make the personal problems I have in my life disappear

 

[ghostface147]

That's crazy. Good for them.

 

[jonnysods]

This is crazy. Should have bought more stock a few years ago!

 

[The Cappy]

"...within $100 billion of..."
Said as if that's such a small amount of money. How we do get spoiled.

 

[kemal]

So If Apple lost a billion on a new Mac Pro, they would only have 899 billion to fall back on.

1. everything is about the Mac Pro.
2. I want to be the angriest person over the Mac Pro.

 

[fumi2014]

Lol. They have nothing to be proud of. A third of that is probably owed in taxes. I love their products but have very little respect for them whatsoever as a company - wilful tax avoidance, China workers etc.

 

[KingslayerG5]

Hope they help humanity with that money. Ya know, like what Bill Gates is doing?

I don't have cancer in my family but we have high blood, thyroid, and diabetes. If Apple finds a cure for most diseases, I would worship them forever. Not sell more products to create diseases. I don't want an Apple Watch with LTE on my wrist.

The irony if Apple finds the cure for cancer. Pancreatic cancer was the one that killed Steve Jobs. Even trying to be part of the food industry with organic foods would help. Samsung is diversified. Apple should too.

AR headset is nonsense to me. Another HoloLens. Another novelty toy to sell.