Apple to Hit the $1 Trillion Mark Possibly Sparking From Getting a Boost From iPhone 7 and iPhone 6s Release

Apple's bout with bankruptcy seems like a long time ago as new estimates project the company to reach as much as $1 trillion in the near future. With a track of popular products breaking records here and there, Steve Jobs' impressive return to the market can soon become history with the company's valuation as the cherry on top. Considering the upcoming products expected from the company like the iPhone 6s and the iPhone 7, estimates project it should just be a matter of time before it achieves a feat unlike any other.

There were doubts whether Tim Cook can hold Steve Jobs' position successfully even more so maintain the company's dominance. Nonetheless, since the executive filled the post in August 2011, Apple saw its earnings and profits double largely thankful to the strong sales of the newest iPhone series. Likewise, Cook has also pushed the company into a new product category: wearables. The company has already started taking pre-orders since last week, suffice to say it has already been back ordered all the way to June.

Nonetheless, apart from its products selling like hotcakes, FBR FBR Capital Markets analyst Daniel Ives notes that it is the company's ecosystem that serves as Apple's crown and edge over competitors. Its software may eventually propel the company to become the world's first $1 trillion company.

Ives grants Apple an "outperform" rating which in Wall Street's grading system correspinds to an A+. In fact, the analyst strongly believes that Apple's stock, currently hovering around $125, could well reach the $185 mark. Should the predictions hit the mark then it will be a rare feat. However, CNN notes that "But keep in mind Ives has the most bullish price target among all Apple analysts" (via FactSet Research).

The company is slated to release the iPhone 6s and the iPhone 7 along with the iOS 9 although it has provided any final details yet. The $1 trillion mark can just be on the surface but final verdict will come upon Apple’s slew of releases.

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