Analyst - Apple Will Become A Trillion Dollar Company Within The Next 12 Months

You gotta love analyst predictions because when some are going with the market trends, others like to go contrarily. Wall Street Journal analyst predicts that despite the falling stock prices, Apple will become a Trillion dollar in the next 12 months. The investors are merely waiting for the iPhone 8's launch which is Apple's chief revenue source.

As a refresher, 1 Trillion is 1,000,000,000,000. We are talking 12 zero digits over here.

Brian White, who is the analyst in question, believes that this is the most underappreciated stock on the market. He believes that Apple's stock price will shoot to $202 in the upcoming months from a rather low $156.10 right now.

His report was obtained by MacRumors and an excerpt is given below:

In our view, Apple's quarterly results will be less important this summer as investors are focused on the iPhone 8 this fall, along with the company's raised capital distribution initiative, depressed valuation and new innovations as showcased at WWDC. We still believe Apple remains among the most underappreciated stocks in the world.

New innovations at WWDC is most likely the multitasking features on the iPad Pro and their claims that it can beat a laptop for everyday tasks. I certainly hope that the HomePod isn't the innovation he is referring too.

RBC Capital Markets has also predicted that Apple could become a trillion dollar within this timespan. The other company which is expected to beat Apple at claiming this title is Amazon while Google follows closely behind.

Source