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Are Apple on their way toward a $1 trillion valuation?

Could Apple soon be worth $1 trillion?

| Business, Financial & Legal News | Posted: Feb 15, 2012 8:23 am

If we look back to the beginning of 2011, Apple were worth in excess of $300 billion. Fast forward to the same time this year, and they posted record first-quarter results, with all-time record iPhone, iPad and Mac sales. Just 24 hours ago, Apple shares closed at $500, with a market capitalization of almost $470 billion.

 

TweakTown image news/2/2/22651_01_are_apple_on_their_way_toward_a_1_trillion_valuation.jpg

 

So, from these pure facts, its not hard to see, if Apple continue on this meteoric growth, we could see them achieving a $1 trillion ($1,000,000,000,000) valuation. Apple is expected to launch their own TV later this year, the iPhone 5 is expected, the iPad 3 is expected, too. There are some devices that should sell tens of millions, all adding to Apple's non-stop growth.

 

Microsoft reached a market cap of $650 billion during the tech bubble back in 2000, so considering Apple sell way more devices than they did operating systems back then, it's not a stretch to think in the next 12-24 months, that we could see Apple hit the $1 trillion mark.

NEWS SOURCES:Techpowerup.com

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