“Apple’s stock has rallied over the last two months, driven by strong uptake of the iPhone 7, better than expected results over the holiday quarter and buzz surrounding new products such as Airpods and the second-generation Apple Watch,” Trefis Team writes for Forbes. “Apple’s market cap is up from levels of around $600 billion in early January to roughly $740 billion currently.”

“The company’s stock would need to rise by just about 35% for Apple to become the first company to attain a $1 trillion market cap,” Trefis writes. “Apple’s stock tends to shoot up during years when the company redesigns the iPhone, on account of the pent-up demand for a fresh-looking handset. For instance, Apple stock gained close to 30% at its peak during the iPhone 6 product cycle. There is a possibility that year’s upgrade cycle could turn out to be more pronounced, given that Apple hasn’t refreshed the iPhone’s design in over three years.”

Trefis writes, “If Apple launches truly innovative handsets, rather than incremental upgrades, there could be a possibility of a significant rally in its stock price.”

Read more in the full article here.

MacDailyNews Take: Yup, we’re been hearing about Apple achieving a $1 trillion market cap for at least six years now, but could the tenth anniversary iPhone and Apple’s often overlooked, but exceedingly massive Services business propel AAPL to never before seen heights?

SEE ALSO:
Apple on track to become first ever $1 trillion company – February 17, 2017
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