Apple to become world’s first trillion dollar company post upcoming iphone 8 launch

Apple the first trillion dollar company

Apple’s current market value is about $762 billion and according to some analysts the company is set to become first company to be valued at one trillion dollars after it’s much anticipated iphone 8 launch later this year.

apple stock
source : google/reuters

Despite such a high value, White states that Apple is one of ‘the most underappreciated stocks in the world’. Apple’s current Price-Earnings (P/E) ratio is roughly 16.9, in contrast, the P/E ratios for companies like Google, Microsoft and Amazon currently check in at 31, 30 and 183, respectively.

For Apple to become trillion dollar company it’s shares will have to reach $200 value which is very likely given the patterns of Apple’s stocks in relation to it’s product launches. Similar to the bottoming process in Apple during the summer of 2013 that drove a strong rally into the spring of 2015, there is a strong believe the bottom in the stock during May 2016 and the upcoming iPhone cycle is setting up Apple to reach the $202.00 price target over the next 12 months.

2017 marks the tenth anniversary of the original iPhone , which was first announced by Steve Jobs on 9 January 2007, and released later that year on June 29. This launch will be one of the company’s biggest smartphone launch in years and iphone is said to be packed with host of new features such as facial recognition , eye scanning, ARKit along with major software updates.

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