“A question that has come to realization recently and allows me to raise my estimate for the company’s 12 month share price to $976, is based partly on iPhone shipments in the second quarter,” Muhammad Bazil writes for The Motley Fool. “That would raise the market capitalization from $576 billion to $1 trillion, creating the largest company in history.”

“I estimate that over the next three years, the overall US tech market will grow 5 percent, while in 2011 it grew 9 percent. Therefore, the market cap for the tech sector should grow $390 billion through 2014, whereas Apple should be able to capture half of this,” Bazil writes. “Apple’s competitors represent nearly $1 trillion in market cap and I estimate that Apple should capture 20 percent of their industries. These competitors include, Google, Dell, Hewlett-Packard Company, Research in Motion, HTC, Samsung, and Microsoft.”

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