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Apple could hit $1 trillion market cap in the next year

Apple within the next year could hit $1,111 per share, and $1 trillion market cap

| Business, Financial & Legal News | Posted: Apr 27, 2012 8:25 am

Apple's super-powered earnings call during the week has impressed the entire tech industry, but Topeka Capital Markets analyst Brian White has said that his target for Apple shares in the near future will be $1,111. Apple are poised to become the world's first trillion-dollar company when its share price hits $1,072.

 

TweakTown image news/2/3/23794_12_apple_could_hit_1_trillion_market_cap_in_the_next_year.jpg

 

With White throwing his dart toward a $1,111 per share estimate, he is predicting that Apple's market cap will hit $1 trillion sometime in 2013. Brian White has said:

 

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 believe the negative vibes that have held back the stock over the past couple of weeks will now be replaced with the fear of missing the next leg up in the stock price that we are forecasting will reach $1,111 over the next year.

 

Could they do it? Apple are unstoppable right now, you can't contest that. Right now, they are a smart device powerhouse.

NEWS SOURCES:Allthingsd.com

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