Apple On Track To Be 1st Company To Reach $1 Trillion In Value

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appleIf Apple continues on its current trajectory, something remarkable might happen on April 9, 2015, at around 11 a.m.

That is, statisticians and investors I’ve spoken with say, a conservative estimate of when Apple could become the first company ever to be valued at $1 trillion. (Yes, you read that correctly: the number one, followed by 12 zeros.)

Other analysts are making even more aggressive estimates for the company’s value, which, as of Friday, was $656 billion. Those people put the trillion-dollar mark at less than a year from now: Aug. 16, 2013.

“It’s hard to imagine Apple growing any faster than it has grown on both the release of the iPad and iPhone,” said Michael E. Driscoll, chief executive of Metamarkets, a big data and predictive analytics company, and one of the people betting Apple will top $1 trillion in 2015.

Estimating when, or if, Apple will become the first to be worth $1 trillion is a bit of a parlor game, but we can all likely agree on one fact: today, it is a juggernaut.

Read more at CNBC.

{Matzav.com Newscenter}

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