December 22, 2024 05:41 AM

Apple's 1 Trillion Dollars Could Make Cupertino-Based Company The Most valuable In The World

Apple's 1 trillion dollars market value could become a reality soon as the Cupertino-based company is reportedly getting richer and richer every year.

According to several analysts if Apple's 1 trillion dollars income will be realized in the near future by the company, Apple will most likely be considered as the most valuable company in the entire world.

As of late, CNNMoney reports that the tech giant is worth $670 billion, so it will surely not come as a surprise if Apple reveals soon that they are already earning much too much that what they are generating now.

Compared to big rival Microsoft, Apple already has a market value lead of $260 billion.

And when comparing its worth to Google, Apple still reigns supreme since it has $300 billion more than what Google is earning.

And it doesn't end there. Apple's enormous market value is so huge its market cap is $185 billion higher than the combined wealth of all 20 companies in the Dow Jones Transportation Average or the index that encompasses all well-established and well-known blue chips including FedEx, UPS, Union Pacific and Delta.

Carl Icahn - one of the many legendary billionaire investors in the business industry - opines that Apple's 1 trillion dollars market value could be reached quickly if the company's stock would climb up to $203 a share - which is already 80% than its current price.

Though there is still a huge gap to fill in in order for Apple to reach its 1 trillion dollars potential, many investors and analysts firmly believe that this is very possible for the company that has brought to the entire world quality products like the iPhone, iPad, and Macbook.

This year alone, Apple's stock has jumped by 40% percent and this could indicate that in no time the Cupertino-headquartered tech giant could indeed become the unrivaled company in terms of market value, according to CNBC.

Tags
Apple, IPad, IPhone, Macbook
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