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Industry analysts are currently predicting that Apple will soon become the first company to be valued at $1 trillion, following the launch of the Apple Watch wearable at the end of next month. Apple is currently estimated to be worth around $744 billion, more than double the size of the world’s second largest company.
This prediction is coming from Wall Street investment firm, Cantor Fitzgerald (Via TrustedReviews). In a note sent out to investors, one of the firm’s workers, Brian white, noted that Apple’s share price could soon jump to $180, a step up from its current $127 price tag.
The Apple Watch itself isn’t the sole driving force behind this prediction though; the company has a growing presence in China too, which should have a big impact on share prices.
“Next month, Apple will enter its first new product category in five years, while media reports over the past several weeks have highlighted potential new areas of future innovation”, the note to investors said.
“We believe Apple’s iPhone portfolio and position in China have never been stronger. We believe the combination of these forces will drive the market to reward Apple's stock with an expanded P/E multiple, and we are raising our 12-month price target to $180 (~$1T cap; from $160).”
The Apple Watch marks the first new product category launch since the iPad back in 2010. The wearable launches on the 24th of April and is expected to significantly boost the popularity and mainstream appeal of wearable technology and more specifically, smart watches.
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KitGuru Says: Apple is already the biggest company in the world and it is showing no signs of slowing down, it may well end up becoming the first $1 trillion company, although it still has a little higher to climb. Do you guys think the launch of the Apple Watch will boost Apple’s value?
Product searching for a reason to exist……
But I’m sure the sheep will buy them….
If it defaults to the apple logo-The Look at me-Look at me-Look at me generation
can wander around with outstretched arm……………….
– Confucius
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My better half recently had to deal with Apple’s after sales service. Charging you for in warranty repairs and paying peanuts to clueless fools who give bad advice over the phone has obviously helped them claw a bit of the way toward that sum.
Didn’t they just do a survey in the states in which 70% or thereabouts said they didn’t give even the slightest damn about iWatches? I have to agree with them, but what’s the saying about fashion: dangle a carrot in front of an impressionable young ass and it will lead you to a market.
Euhm… Should i lose faith in capitalism now or in humanity?
I highly doubt this would happen because Apple success is based on the sales of 1 product: the iphone.
If the iphone doesn’t sell good Apple will have problems no doubt. Also we can’t be certain Apple will be able to maintain the premium price of their products as technology improves.