According to a study by Bullish Analyst, Apple could become a trillion-dollar company in 2019. The study includes a series of investigations and estimates according to the dynamics of the company itself, which make several expert analysts think about the possibility of Apple becoming a trillion dollar company.
In a report written today on the investigation carried out, the RBC analyst Capital Markets, Amit Daryanani, expresses his idea of how Apple will continue to grow, and thus achieve an unmatched extension in a relatively short period of time.
“Overall, we see a scenario where in fiscal 2019, Apple would hold above $ 12 per share and, assuming valuation frameworks are stable or improving, you should get AAPL shares at $ 192-195, which would equate to a market cap above $ 1 trillion. "
The analyst firmly believes that the expected update of the iPhone 8, as well as the cycle of updates that Apple has us accustomed to, will be one of the main catalysts in this business improvement. Looking at the horizon, Daryanani thinks there is enough potential to think that Apple will continue its growth.
«In the long term, we believe that Apple may continue to grow its Services revenue year over year due to expansion of devices in the market, increasing App Store sales within the current dynamic base, computing services, and full Apple Pay adoption. "
There is enough information to think that this growth could occur in the coming months. Only in the services section, Apple generated $ 7.17 billion last quarter, for $ 6 billion the same quarter last year, which represents an increase of 18%. Own Tim Cook recently claimed that only his "services" section is worthy of a Fortune 100 company., and where they hope to increase their income little by little until they double it in 2020.
