Business

Is Apple worth a trillion dollars?

For all the hoopla, the leap to $US1,000 would be a big hike for a company that has already enjoyed a record run on the stock exchange. (CEO Tim Cook pictured)
For all the hoopla, the leap to $US1,000 would be a big hike for a company that has already enjoyed a record run on the stock exchange. (CEO Tim Cook pictured) Supplied

THE world's insatiable appetite for all things Apple appears to be reaching new levels. Silicon Valley's hottest company could soon become the world's first trillion-dollar company, according to Wall Street analysts.

This week analyst Brian White of Topeka Capital Markets sparked a media frenzy with his headline-grabbing prediction that Apple's already sky-high share price will touch $US1,000 within 12 months. Piper Jaffray's Gene Munster countered with an ever so slightly less bullish case that Apple's share price would hit four figures by 2014.
Advertisement: Story continues below

The technology group achieved another milestone on Thursday as Apple's stock price rose above Google's for the first time. Steve Jobs, Apple's late co-founder, is rumoured to have decided against splitting Apple's stock in order to one day pass Google's share price.

But for all the hoopla, the leap to $US1,000 would be a big hike for a company that has already enjoyed a record run on the stock exchange.

Last week Apple's shares were worth $US633.38 each - slightly more than a mid-range iPad. A year ago they were changing hands at $US341. At its current price Apple is valued at $US590.82bn, making it the most valuable company in the world. At $US1,000 Apple would be worth nearly $US1tn. No other company has been valued at anything like that price. "Apple fever is spreading like a wildfire around the world," White said in his report.

Read more at Brisbanetimes.com.au

Topics:  apple, shares, steve jobs, stock market, tim cook, wall street




Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

PBR GRAFTON: Bulls bred to buck the best

HARD LANDING: One of local stock contractor Dan Klabe’s bulls, Midnight Joker, gets the best of a rider.

Breeding programs buck tradition to produce more formidable bulls

VIDEO: Powder samples cause council evacuations

No Caption

A sample product to deodorise rubbish bins kicked up a stink

Learn the skills needed to help native animals

WIRES carer Colleen Waldon feeds a red-necked wallaby in her care.

WIRES to hold accredited animal care course on May 15

Latest deals and offers

NYPD join dance challenge

New York Police respond to NZ dance challenge.

New York's finest accept Kiwi dance challenge.

NZ Police Issue Dance Challenge

NZ Police doing the running man dance.

Video of NZ Police doing the running man dance and challenging police forces around...

Dash cam as car rolls dodging rabbit

A car rolls over after dodging a rabbit.

This is why they say don't swerve for wildlife.

How a sacked real estate agent made $725k in four months

Agent is now under investigation by the industry watchdog

VIDEO: Art Deco fan pays $835,000 for Imperial Hotel

No Caption

Iconic "Impy" sold at a bargan price to bidder who loves Art Deco.

RBA warns of future apartment oversupply

Toowoomba: Crest Apartments and Burke & Wills, Ruthven Street ( view from Neil Street) Photo Bev Lacey / The Chronicle

RBA says oversupply of apartments poses risk to household finances