“Apple Inc. could close in on a trillion-dollar market capitalization next year — and if it does, it may have President Donald Trump to thank,” Barbara Kollmeyer reports for MarketWatch. “That’s according to a scenario laid out by analysts at RBC Capital Markets, who said Apple may turn out to be one of the biggest beneficiaries of the Trump administration’s planned U.S. tax changes.”
“‘While there are significant uncertainties around corporate tax reform, we think it could provide Apple EPS (earnings per share) a $4.00-4.50 tailwind and drive the stock closer to a trillion dollar market-cap scenario,’ said the RBC team in a note to clients,” Kollmeyer reports. “Late last month, Trump and top congressional Republicans proposed sharp cuts to tax rates on businesses and many individuals. Under the plan, the top corporate tax rate would be cut to 20% from 35%.”
“The bank said Apple shares are currently at an ‘attractive entry point for investors to benefit from its ability to return to revenue and EPS growth in FY217,’ adding that ‘multiple catalysts’ remain from such factors as iPhone ramps and product refreshes on its Macs and iPads,” Kollmeyer reports. “‘We believe the fundamental reality remains that AAPL’s valuation is materially subpar to what we anticipate is its long-term revenue and EPS potential,’ said RBC.”
Read more in the full article here.
MacDailyNews Take: Hopefully, sound tax reforms are enacted as soon as possible. Apple deserves to be the world’s first true trillion-dollar company.
SEE ALSO:
How Apple’s market cap could reach $1 trillion – August 30, 2017
RBC: Oh, yes, Apple is primed to be the first company to hit the $1 trillion market cap mark – August 9, 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
oh no!
Freedom Caucus is already backing away from the current plan. Why don’t we just call them Democrats so at LEAST folks understand that Republicans done have control of the house?
Am I understanding that you think that the Freedom Caucus, the most conservative and most Republican members of Congress, are secretly Democrats?
Has it really only taken 11 months since the election for Trump supporters to so utterly destroy the Republican Party and everything it has stood for since 1854 that nobody is now allowed to call themselves Republican unless they support every detail of every notion that comes into The Man’s head (that he hasn’t contradicted yet)?
Please read the US Constitution. It creates three EQUAL branches of government, and requires that the budget must start off in the House of Representatives, not in that other House at the far end of Pennsylvania Avenue. There is nothing in the Constitution that requires members of Congress to surrender their independent judgment to somebody who got 62 million votes from a country with 323 million people.
Trump is a good businessman and under stands business the right way
He’s a delusional, malignant narcissist. A fKKKing moron. Not. My. President. Tired of seeing his name here, there, or anywhere. Cannot wait until he’s in jail.
You should leave the country
iSecond that Peter.
GTFO of the U.S.A. auramac. LEAVE. ADIOS. BYE BYE. GOOD RIDDANCE.
iPonder you are one of those crybaby, millennials who need special safe spaces to go hide and play go fck yourself. Pathetic you are Mmm.
And what if we choose to remain and fight for our country and what it has stood for since 1776? You going to send over a bunch of “good people” with crewcuts and Tiki Torches to chant Nazi slogans at us?
I only agree with them on one thing: “You will not replace us!”
Fight for our country? I was in stitches laughing!
The only only thing you are good at is fighting for the Dinosaur Democrat Party FAILURES since the 1960s and FAKE pretension reasons for doing so …
Since Trump cannot get along with his own party I have serious doubts concerning anything he proposes that involves new spending or taxation. Paul Ryan can kill anything Trump wants at any time because the House controls all spending bills and all taxation bills. McConnell likewise can sentence any Trump initiative to a slow and grinding death by Committee and Sub-Committee.
We need a reform of our tax system but a massive one sided give away to corporations and investors is not the answer. I would gladly take corporate taxes to ZERO in exchange for eliminating of depreciation, the taxing of personal investment income at the same rate as labor, and a transaction tax on trades. That would be more fair to all and encourage investment.
Shame MDN. Trickle down Reaganomics never worked. The 1% don’t need tax breaks. In the 1950s-1970s the top tax rate was as high as 90% and middle class prospered with living wages bc corporations avoided tax by investing back into the company and its workers. Workers had more spending power.
How is tax break to corporations the 1%?
If you have savings in retirement plans, 401s, government pensions , mutual funds : it’s all in corporate shares. Apple is 70% owned by funds the rest divided between rich and average shareholders.
Besides that destroy corporations and there would be no jobs including government jobs as corporate taxes and corporate employees fund practically everything. What you need is a tax rate that is equitable, that gives enough but isn’t so high that it’s non competitive. Want more jobs? you want corporations to open .
Besides at the end of they day consumers pick up a lot of corporate taxes as the cost is just mostly passed on into the products. And consumers already pay income tax, sales taxes, property tax, inheritance taxes, tolls, levies like carbon tax on fuel, tax on the dividends on their shares etc.
And I don’t even to go into how government wastes money…
The only reason this orange clown has been tolerated in Washington was the hope of tax reform (and repeal and replace). Republicans backed him, because they needed someone who would just sign their legislation… but the Republicans are too fragmented and dysfunctional… incapable of true governenance. Instead we have to live with the drama of his reality tv show madness. What an embarrassment.
It’s a travesty and a complete embarrassment to this once great nation. Honestly it will take years if not decades to recover from this horror show.
The Republicans most certainly did NOT back him, and most of them are still not backing him. Trump was put into office by the American people.
…further:
“Rohrabacher, Rand Paul Met To Discuss Assange Giving Up WikiLeaks Source To US Government”
If this happens, the Democrat Party is over forever.
http://dailycaller.com/2017/10/10/rohrabacher-rand-paul-met-to-discuss-assange-giving-up-wikileaks-source-to-us-government/
“the Republicans most certainly did NOT back him”
WTF? What kind of nonsense revisionist history is this? He was nominated by the GOP at their convention. The head of the RNC became his chief of staff. Even Ted Cruz bent the knee.
Republicans embraced this clown. Now they own him.
For those who do not know him, Rep. Dana Rohrabacher has been the leading Congressional apologist for Russia for over two decades. Among other things, he was essentially the only Senator or Member of Congress to defend the invasion of Georgia and the annexation of Crimea. Hardly surprising that he would be trying to divert attention from the folks that actually hacked the DNC, according to absolutely everyone in the intelligence community.
I’m not holding my breath for this corporate tax reform. I get the feeling it’s going to take a long time to go through, (if ever). This year is nearly gone, so it’s likely I’ll have to wait at least another year. Some idiot saying Apple can reach the $1T market cap with the tax reform is like saying a pig could fly if it had wings. This is just a “buy Apple” tease. No one is going to be buying Apple now without the tax reform being a sure thing. It doesn’t seem like a sure thing at all, to me.
Last year, I thought (had hoped) POTUS was going to somehow push it through with the greatest of ease. I had the feeling Tim Cook thought it would happen. Now I see the error in my reasoning. If it’s anything that might help Apple gain in value, then it’s not going to happen in a timely fashion. Apple just had to be the main tech company that NEEDS that overseas cash for value. The other tech companies are making gains just fine without the tax reform.
Tax “reform”? Oh, you meant Trump’s huge tax cut for the 1% and a tax RAISE on the middle class.
https://www.forbes.com/sites/janetnovack/2017/09/29/trump-plan-delivers-massive-tax-cuts-to-the-1-and-sharp-kick-to-upper-middle-class/#7fb14d481099
You fools are getting conned by the world’s stupidest con artist. Even his own Secretary of State calls him a “moron.”