“The race is on to become the world’s first trillion-dollar company, with all eyes fixed on tech giants such as Apple, Amazon, Facebook and Alphabet,” Rupert Neate reports for The Guardian. “Financial commentators and investors predict 2018 will herald the first firm with a stock market valuation of $1tn (£738bn) or more, if technology share prices continue to rise as strongly as in 2017.”
“Apple is leading the way, with a market valuation of $869bn on Tuesday,” Neate reports. “The Californian firm that transformed mobile communications, music and photography with the iPhone is $140bn ahead of Alphabet, which has a market value of $729bn.”
“Barron’s, the US investment magazine, declared on its cover last week that Apple would hit the $1tn valuation this year and that ‘we don’t think the peak [of Apple’s rise] is near,'” Neate reports. “Apple earned revenue of $229bn in its latest financial year, and made profits of $48bn – roughly as much as Microsoft and JP Morgan combined.”
Read more in the full article here.
MacDailyNews Take: $1 trillion? Pfft. We see much, much more than that in Apple’s future!
The next ten years are going to be absolutely amazing for Apple. The company has just started to really get going! — MacDailyNews, August 2, 2017
SEE ALSO:
Apple is primed to become the first trillion-dollar company – November 24, 2017
Apple: First trillion dollar baby? – August 4, 2017
Why Apple’s market cap is going to $2 trillion – August 2, 2017
Analyst: Apple to become world’s first trillion dollar company within 12 months – July 7, 2017
How Apple’s market value gets to $1 trillion – May 23, 2017
Gene Munster: Why Apple deserves an historic trillion-dollar valuation – May 22, 2017
Analyst sees Apple’s market value at $1 trillion in a year – May 8, 2017
Apple’s path to first-ever $1 trillion market cap – March 7, 2017
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
Go Apple! Ok, we are fans (I’m a 30-year Mac user) but we need to recognize that extreme power and consolidation are not good for ordinary folks.
Thank you GOP tax bill.
Yes, at this point Apple leads the race. Apple has good profits and a mountain of reserve cash. However, look at Apple’s P/E compared to any of the FANG stocks and Microsoft. From the news media I’ve read, it’s claimed Amazon, Alphabet and Microsoft have easily as much chance of reaching a $1T market cap as Apple. Look at Microsoft’s P/E of 29. If Apple had a P/E that high it would have already been at $1T. All of the FANG stocks are being valued much higher than Apple is. What’s really disappointing is that while the FANG stocks and Microsoft are being said to have plenty of room to rise, Apple is already said to be hitting its high point in market cap and ready for another pullback due to missed iPhone sales expectations. Apple has to be singled out as the black sheep of the tech rally.
Only Apple’s holiday quarter is in doubt while there is nothing but high praise for all those other stocks’ quarterly earnings. Apple’s repatriated reserve cash doesn’t even factor in as a boost for Apple’s value.
I realize that news reports don’t have to mean anything but I do believe some faction is trying to devalue Apple or there really is some value problem with Apple. Why is there always a cloud of doubt surrounding Apple? Is it because of Tim Cook or simply because of Apple’s business model of profits before market share percentage?
I’m a satisfied long-term Apple shareholder and I won’t be giving up any of my Apple shares because I like those dividends, but it’s always annoying to hear the top company on Wall Street constantly being bad-mouthed as a has-been company with no growth potential left.
Honestly, Facebook is in a race with Apple to $1T. Hearing that said should be a huge insult to any Apple shareholder. No Wall Street companies have ever hit $1T and now suddenly a half-dozen companies are going to do it and some judge Apple as barely having any advantage.
To those who seriously want stocks that pay hips of divvy should consider IBM, IEP, HCP, F just to name a few. Instead of forever being so pessimistic about Apple. You know who you are.
While I understand repatriation is important, in its basic form it is simply moving money from one bank account to another in the same company. As such though it may have some effect on the stock I find it hard to believe that it would be as big a deal as it is made out to be as a contribution to the path to being a $1T company.
$191.80 is the magic number for AAPL, based on 5,2013,840,000 outstanding shares. That’s only a 10.7% increase over the current price of $173.25
I too am a 30 year Apple enthusiast. But lately, some things Apple does began bothering me. I trillion dollars? Oh, wow! When you consider the fact that Apple today is a phone company, producing lowly smartphones which is taking more than 50% of their gross sales, yet talking about 1 trillion dlrs, leaving behind giants like GE, Esso and GM etc, something might be wrong. That something must be the overpricing (i.e., gouging?) of everything they make, planned obsolescence or soldered RAM nonetheless. Well, at least Apple has been successful in creating the image that they are consisting of the high end fashionistas. It was not like this during the Jobs’ era. Those days, Apple was first and foremost the company who has been constantly thinking how to please consumers by gift of superb, often surprising, products. Cook is just harvesting the seeds planted those days, but boy, is he producing good profits!
BTW, I do not play stock games (I do not have to), so my perspective might be very different from others. But I still yet to have non-Apple products (so far).
Steve Jobs walked on stage and announced new original exciting innovative products.
Cook doesn’t.
Why not also go for profits AND market share.
Apples no longer favored in schools or for education. Who is? Chromebooks.
I’ve never even seen a Google sales person but sure as shit they must be out there. That’s why they have the p/e they do. The vibe that Google is innovating rather than “we’ll see” Apple.
Fingers crossed. Seems the press doubled down on the battery story because it was a low blow to customers and was done on purpose.
As a shareholder I hate saying that.
We’ll see.