“Apple stock is having an amazing year, rising by more than 60% over the last 12 months on the back of booming iPhone 6 sales and exciting new product launches,” Andrés Cardenal writes for The Motley Fool. “But investment decisions need to be based on future potential, not past performance.”
“Fortunately for investors in Apple stock, the company still offers considerable room for gains from current levels,” Cardenal writes. “In fact, there are strong reasons to believe Apple could be on its way to becoming the first listed company with a market value above $1 trillion.”
“Stock prices cannot be predicted with precision, especially in the short term,” Cardenal writes. “On the other hand, when considering Apple’s valuation, financial performance, and growth potential, a market capitalization of $1 trillion sounds quite plausible over the middle term.”
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