Apple shares currently they are priced around $ 175 each, giving the iPhone maker a market value of roughly $ 900 billion. The valuation puts Apple within $ 100 billion of becoming the world's only trillion dollar company.
Shares of Apple will have to rise to $ 195 a share for the company to reach a trillion dollar valuation - depending on the rate of its share buybacks - and a growing number of Wall Street analysts believe that will happen.
Drexel Hamilton, a financial analyst at Brian White who is extremely bullish on Apple, has a 12-month price target of $ 235 for the company's stock. In other words, it predicts that Apple could be a 1.2 trillion company dollars in just one year.
With a market capitalization of more than 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 forecast that Apple would hit a 1 trillion market cap; our current price target of $ 235 equates to roughly a market cap of 1,2 trillion. RBC Capital Markets analyst Amit Daryanani also said that Apple has the potential to hit a $ 2018 trillion market cap and even exceed that valuation by the end of 190. Its current target price for Apple shares is XNUMX. Dollars. Apple might be the world's only trillion dollar company, but it wouldn't be the first. The Dutch East India Company spice business, founded in 1602, was the first to go public and at one point was valued at more than 7 trillion when inflation was adjusted.
Wall Street analysts, including White, have been forecasting Apple to become a trillion-dollar company since 2012.
A 900 billion dollar company is the same as saying 900 billion. So Apple is about to be a 1 trillion dollar company.
Depends. In America they consider a trillion to 10 ^ 9, while a trillion in Europe, according to the International System of Units, corresponds to 10 ^ 12. In other words, one trillion in America is the same as one billion in Europe.