Apple to become world's first $1 trillion company: Report
Apple will become the world's first trillion-dollar company when its shares top $1,000 each, Wall Street analysts have predicted.
The technology giant's shares were worth $633.38 last week as its stock price rose above Google's for the first time, the Daily Mail reported Friday.
Brian White, of Topeka Capital Markets, then claimed Apple's sky-high share price will hit four figures within 12 months - making the company worth $1 trillion.
He said in his report: "Apple fever is spreading like a wildfire around the world."
Gene Munster, of Piper Jaffray, followed that up by claiming Apple stock will hit $1,000 - but by 2014.
The company, based in Cupertino, California, is already the most valuable company in the world currently valued at $590.82 billion, according to the newspaper.
Just a year ago the shares were changing hands at $341. In January, Apple revealed it had more than doubled its profits to $13.06 billion, compared with $6 billion for the same quarter in 2010.
Apple will become the world's first trillion-dollar company when its shares top $1,000 each, Wall Street analysts have predicted.
The technology giant's shares were worth $633.38 last week as its stock price rose above Google's for the first time, the Daily Mail reported Friday.
Brian White, of Topeka Capital Markets, then claimed Apple's sky-high share price will hit four figures within 12 months - making the company worth $1 trillion.
He said in his report: "Apple fever is spreading like a wildfire around the world."
Gene Munster, of Piper Jaffray, followed that up by claiming Apple stock will hit $1,000 - but by 2014.
The company, based in Cupertino, California, is already the most valuable company in the world currently valued at $590.82 billion, according to the newspaper.
Just a year ago the shares were changing hands at $341. In January, Apple revealed it had more than doubled its profits to $13.06 billion, compared with $6 billion for the same quarter in 2010.
