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

MacRumors

macrumors bot
Original poster
Apr 12, 2001
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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
 

smithrh

macrumors 68020
Feb 28, 2009
2,463
833
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...
 

Plutonius

macrumors 604
Feb 22, 2003
7,837
5,882
New Hampshire, USA
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.
 

KingslayerG5

Suspended
Oct 16, 2017
1,254
1,261
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.