Following Apple’s recent announcement of another record financial quarter, Analysts are becoming increasingly bullish over the company and its potential. Apple currently holds the highest market cap of any company on earth, and is continuing to grow at a faster rate than ever!
From AllThingsD (quoting White):
Apple’s performance once again demonstrated how quickly Apple fever is spreading around the world, and this trend continues to drive meaningful upside in the company’s financial results […] we are forecasting [that Apple’s stock] will reach $1,111 over the next year.
While many have predicted in the past the Apple could become the world’s first trillion dollar company, Topeka Capital Markets analyst Brian White is especially optimistic, suggesting that Apple could reach $1 trillion in value sometime next year (other estimates have suggested 2014 or even later).
As of this moment, Apple has a market value of about $565 billion, and while that number fluctuates, it is very much on the rise as a whole. With the release of new Macs, a new iPhone, OS X 10.8 Mountain Lion, and iOS 6 all on target for this year, White’s estimate really doesn’t seem all that far fetched…
You’re well over half way there, Apple – keep it up!
