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Apple set to be valued at $1 trillion

Apple, the US’ most valuable company, is set to be valued at $1 trillion.

Analysts at stock broking firm Cantor Fitzgerald have predicted that Apple’s shares, currently valued at $127, will soon be worth $180. This would mean the company’s overall valuation would soar from $744bn to $1.05tn.

Apple’s market value has been steadily increasing since its introduction of its flagship iPod product.

Moreover, with the introduction of iPhones and iPads the Apple brand has become synonymous with the smartphone industry, leading to billions of dollars in sales.

With the recent smartwatch launch and expectations of an electric car on the horizon, analysts can only see Apple growing and cementing its place as one of the globe’s most valuable brands.

Brian White, Wall Street analyst at Cantor Fitzgerald, said in a note: “Next month, Apple will enter its first new product category in five years, while media reports over the past several weeks have highlighted potential new areas of future innovation,.

“Also, we believe Apple’s iPhone portfolio and position in China have never been stronger.

“Finally, Apple has shown its commitment to returning cash to shareholders, and we expect more in April.

“We believe the combination of these forces will drive the market to reward Apple’s stock.”

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