“Apple’s market cap is surprisingly only 40% away or so from reaching $1 trillion,” Brian Sozzi writes for TheStreet.com. “Don’t laugh, the milestone could very well happen.”

“Shares of the tech giant have been on a tear lately amid expectations for a blowout iPhone 8 unveiling, which is expected later this year,” Sozzi writes. “Also helping power the stock was a solid holiday quarter and expectations around President Trump enacting a tax holiday, which would be great for Apple as it holds more than $246 billion in cash overseas. Some of that repatriated cash could be used for sweeter dividends and stock buybacks. ”

But first, Sozzi writes, “Several things need to happen before Apple’s market cap can reach $1 trillion.”

Read more in the full article here.

MacDailyNews Take: Yes, we’ve heard this one before.

Could the next-gen tenth anniversary iPhone and Apple’s burgeoning Services business finally power Apple’s value to $1 trillion?

SEE ALSO:
Bernstein: Apple could be first to $1 trillion market value, propelled by services revenue – Cramer agrees – May 18, 2016
Apple would be worth $1 trillion if market valued it like Steve Jobs-run company – January 4, 2016
Analyst: How Apple’s market value hits $1 trillion in 2016 – November 10, 2015
Annual iPhone Upgrade Program could power Apple to become world’s first $1 trillion company – September 16, 2015
Analyst: Apple at $1 trillion in a year – May 11, 2015
Dream of $1 trillion valuation for Apple slips away – April 17, 2015
Second analyst sees Apple worth $1 trillion – April 17, 2015
Here’s how Apple gets to $1 trillion valuation in just 12 months – March 23, 2015
Apple eyes trillion-dollar market cap – February 24, 2015
Apple’s stock swoon just a blip on its way to being worth $1 trillion – December 2, 2014
Trillion-dollar baby: Can Apple go where company has gone before? – November 24, 2014
Is Apple about to be the first $1 trillion company? Carl Icahn says yes – November 18, 2014
Omega’s Einhorn: Apple’s market value could hit $1 trillion – November 18, 2014
Apple’s market value primed to go to $1 trillion, creating largest company in history – July 3, 2012
Apple at $1,111 per share with a $1 trillion market cap in the next year – April 26, 2012
Piper Jaffray ups Apple price target to $910; sees world’s first trillion-dollar market cap – April 3, 2012
How Apple can reach $2 trillion market value in 2016 – March 16, 2012
Apple: $1 trillion market cap inevitable? – February 21, 2012
Could Apple become world’s first trillion-dollar company? – January 28, 2012
Altucher: Apple will become a trillion-dollar company; $1,000 a share – May 3, 2011
Apple could become first $1 trillion company in as little as 36 months – April 14, 2011