Apple is on track to becoming the world’s first technology company valued at $1 trillion, according to analyst James Altucher of Formula Capital, arguing that the corporation will only continue its runaway growth.
Altucher also claims that Apple should already have its trillion-dollar valuation, as its US$350 shares are undervalued given their profitability and 100 percent growth in earnings year-on-year, reports macnn. He also points out that future earnings from products that are widely expected to roll out within the next 12 months – the iPad 3 and iPhone 5 – have not been factored into the company’s value and can be expected to continue the company’s growth for years to come.
The analyst also expects that the trend wouldn’t be interrupted if Steve Jobs decided not to return full-time as CEO, as the company’s ‘iTunes ecosystem’ demonstrates its ability to ‘invent new markets and dominate them’. Next stop: world domination.