Apple looks primed to hit $1 trillion market value

Apple’s sought-after iPhone X “likely sets the stage for Apple to become the world’s first company with a $1 trillion market capitalization, which would require a rally to only around $195 per share from near $175 now,” Anthony Mirhaydari reports for CBS News. “Just an 11 percent gain. For context, the shares are up nearly 17 percent from their September low.”

“Apple is holding $262 billion in cash and cash-like investments, much of it offshore,” Mirhaydari reports. “With Republicans in Congress looking to lower the corporate tax rate and establish a reduced short-term repatriation rate, a sizable portion of that hoard could be domesticated — and then returned to shareholders as dividends or share buybacks. Possibly as a special one-time dividend.”

“Last quarter, Greater China sales increased 12 percent. Even before the iPhone X launched,” Mirhaydari reports. “Upside kickers include reports Apple is looking to bring Face ID and full-body screens to the iPad, efforts in augmented reality and virtual reality, and the coming launch of the Homepod smart speaker. $1 trillion cometh. ”

Read more in the full article here.

MacDailyNews Take: Would that Steve were here to see it when it happens.


  1. I don’t want to see Apple reach that market cap and then quickly collapse. I’d like Apple to maintain that $1T market cap for a few years at least. I’m sure the news media will claim that X company reached some high level and then went out of business, it’s also going to happen to Apple. Apple certainly isn’t valuable based on some nosebleed P/E. Amazon has a P/E of 250 and yet everyone says the company is undervalued. That’s just crazy. All of the FANG stocks have far better P/Es than Apple. If Apple had the level it should have based on the S&P 500 for tech stocks, Apple would have long passed the $1T market cap level. I feel absolutely certain if Apple can sell 80 million iPhones in this holiday quarter, Apple will break the $1T mark. That will be awesome but the Apple-hating naysayers will surely throw some dubious BS on Apple’s parade.

    I don’t need Apple to reach $1T market cap as long as they give me some decent dividends every quarter and raise those dividends every year. That means a lot much more to me than some theoretical level. I suppose if Apple buys back more shares the market cap will drop somewhat. All I ask is Apple be valued like the FANG stocks are being valued. Is that too much to ask?

  2. Apple is doing well and the iPhone X should push the stock up more. It is still only 89% of the way. Also remember that as Apple continues to buy back shares the market cap will lower proportionally.

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