Apple could be worth $1 trillion within a year
Lukas Barth/AP
Current estimates have been boosted by the record breaking sales of the iPhone 5
Apple is currently worth something like zillion dollars (read: $656 billion) and it has no signs of slowing down. The question the New York Times' Nick Bilton raises is, when are they going to reach the unreachable summit? When is Apple going to break the trillion dollar ceiling?
According to Bilton, analysts and investors think a reasonable assumption given the current trends is that Apple will crack the $1 trillion plateau on April 9, 2015, at around 11 a.m., which seems strangely specific all things considered. But, Bilton warns, there are other analysts (read: more fun analysts) who think Apple could do it within the year. Yep, they think Apple could do it by August 16, 2013. No specific time was given.
Having Apple skyrocket up the stock market charts with a bullet to the tune of another $350 billion is unlikely. “It’s hard to imagine Apple growing any faster," said Michael E. Driscoll, chief executive a big data and predictive analytics company, who thinks the 2015 guesstimate is right. But with the new iPhone breaking sales records in an hour, well, anything is possible. It's not even that wildly great of a phone. When the original iPhone came out, it was better looking and performing than anything else out there. The iPhone 5 gave us features offered in other phones with a smaller screen than competitors.
Read more at The Atlantic Wire.