“While there has been a lot of speculation as to where Apple’s next wave of growth is likely to come from – rumored product lines include Apple branded electric cars and TV sets – we don’t presently see another product or market that will have the ability to move the needle for the company the way that the iPhone can,” Trefis writes for Forbes.

“Case in point: if Apple is able to maintain iPhone gross margins and ASPs at present levels – versus a long-term decline according to our valuation model – it could add about $180 billion to the company’s valuation,” Trefis writes. “For perspective, that’s more than the market cap of the big three U.S. automobile companies combined.”

“If Apple succeeds in maintaining pricing and margins at current levels, it could result in a 25% upside to our price estimate, resulting in a $160 per share valuation. This would imply a market cap of about $930 billion,” Trefis writes. “If the company is able to both maintain pricing and margins at current levels while expanding shipments, this could result in a market cap of more than $1 trillion.”

Much more in the full article here.

MacDailyNews Take: As we wrote a week ago:

$1 trillion is just a mile marker on the way to the next trillion and beyond.

Related article:
Here’s how Apple gets to $1 trillion valuation in just 12 months – March 23, 2015