Apple to become a trillion dollar company

Tuesday, 24 March 2015 - 13:08

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As Apple gets ready to launch its first new product in five years, Cantor Fitzgerald is raising its price target to a level that would make Apple a 1 trillion dollar company.

People first started talking seriously about the potential for Apple to become a trillion dollar company in February when shares reached new highs, surpassing the 700 billion dollar market cap level.

The current stock price of 127 dollars a share gives the company a valuation of 744 billion dollars.