If Apple continues at the pace its currently travelling, the company is set to hit US$1 trillion, according to industry estimates.
In a report by Nick Bilton of the New York Times, various ‘statisticians and investors’ say Apple, at a conservative estimate, will be the first company worth US$1 trillion on April 9, 2015. Other industry figures expect the milestone to come much sooner, predicting August 16, 2013. The Cupertino-based company is currently valued at US$656 billion.
The report points to Apple’s expansion into the mobile market with its slew of iOS products – including the top-selling iPhone and iPad – as the force behind increasing revenue.
Apple’s trajectory in the stock market has also reached an all-time high, with shares doubling in price in the last year, following the death of Apple co-founder Steve Jobs.
What do you think – can Apple hit $1 trillion? And, if so, when do you predict it will happen? Let us know in the field below.
YES
Not bad from a company that had no money and was about to be closed down all those years ago.