Apple has come a long way since 1997 when its founder Steve Jobs was brought back to take over the company. The company was almost bankrupt at that time but merely two decades later, it’s one of the most successful companies on the planet. Analysts are of the view that Apple has a good shot at becoming the world’s first trillion dollar company in 2018.
Analysts have long expected a tech company to cross this milestone. Major companies like Apple, Alphabet, Amazon, and Facebook have all seen their shares rise sharply in the previous year. If their stock performance continues that way in 2018, the world will see its first few trillion dollar companies.
Based on its current stock price, Apple is leading the pack with a market valuation of more than $870 billion. The company’s shares surged 47 percent last year and a further 15 percent increase this year will take it over the $1 trillion valuation.
Google’s parent company Alphabet has a market valuation of around $720 billion. It’s also within striking distance of the coveted $1 trillion valuation. Its share price also needs a double digit increase this year in order to take it over the line.
U.S. investment magazine Barron’s has also predicted that Apple is going to cross the $1 trillion valuation this year and that it would be nowhere near the peak of Apple’s valuation as its fundamentals still look good.
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