Since debuting the first modern smartphone ten years ago, Apple has quickly risen to become the most profitable and powerful tech company in the world. The extremely popular device, along with a slew of touchscreen companions and the fall of the desktop computer, have all helped sustain Apple’s unshakable market dominance. As far as technology and software are concerned, the last decade has truly belonged to the California-based corporation. Now, this penchant for success and continued innovation has pushed Apple to the brink of something truly amazing.
According to multiple reports, Apple is on track to surpass an insane net worth of $1 trillion in the very near future. Yes, you read that correctly: one trillion dollars. Just how much is this incredible amount? Well, here’s a visual representation with a comically small human as a measuring stick. Another way to comprehend this feat is to imagine Apple Inc. as a country. Should they amass a trillion dollars, they would place a formidable 16th among the GDP of every nation in the world. If this all sounds a bit too crazy, it’s because it most certainly is. Apple’s stock as of writing is roughly $154 USD. The upward trend may soon raise this share to $202 USD, which will officially give the company a valuation of $1.053 trillion.
Equity analyst, Brian White, spoke to Business Insider this week and claimed Apple’s stock to be underappreciated despite this recent growth. “In our view, Apple’s quarterly results will be less important this summer as investors are focused on the iPhone 8 this fall” White said. “We believe Apple remains among the most underappreciated stocks in the world.” Should the company’s shares continue to increase, Apple is poised to become the world’s first trillion dollar corporation. According to Fortune, the only opposition Apple now faces, is Amazon, Google, and Elon Musk’s automotive manufacturer, Tesla. With all four corporations inching closer to the mammoth goal, it appears as though the race is on.
