Apple, A trillion dollor company May 22 2017
Apple has the potential to become a trillion dollar company by 2019, according to RBC Capital Markets analyst Amit Daryanani. In a research note on Monday, Daryanani said Apple could reach or exceed a trillion dollar market cap within the next 12 to 18 months.
Part of Daryananis reaserch says,
"In aggregate, we see a scenario where in the 2019 fiscal year, Apple sustains $12+ earnings per share and, assuming the valuation frameworks remains stable/improves, it should get AAPL stock toward $192–$195, which would equate to a market cap above $1 trillion."
Daryanani believes the so-called "iPhone 8 " and the upgrade supercycle it's expected to drive will be a major catalyst towards Apple's path to a trillion dollar valuation. Looking further ahead, he thinks there is potential for Apple to continue growing its Services category revenue by double digits year over year.Apple's Services category made 7.17 billion last quarter, from $6 billion in the year-ago quarter, representing 18 percent year-over-year growth. Apple CEO Tim cook said the Services category is already the size of a Fortune 100 company, with hopes to double the category's revenue by 2020. So it seems that Apple is on the up and up.