On Tuesday, Apple announced another set of record earnings, which elevated the company’s stock price by huge numbers. Apple is continuing to boom as the company with the world’s highest market cap while it smashes analyst predictions. We have heard a few analysts claim that Apple could hit $1,000 per-share by the end of the year, but those estimates are being raised after Tuesday’s earning call. According to Topeka Capital Markets analyst Brian White (via AllThingsD), Apple will become a $1 trillion company in the next year.
To become a $1 trillion company, Apple would have to hit a stock price of $1,072. White is setting his target at $1,111 per share during 2013; although, White previously said $1,001 was his target. Apple is currently a $570 billion company, priced at $608 per-share.
With the announcement of the new iPhone, new Macs, and iOS 6 this year, I would not doubt that this is possible for Apple. It will be very interesting to see what this company can achieve over the next year.
