Apple Inc Gets New Patents. (Photo : Reuters )
Apple Inc. is now impressively close to a $1 trillion valuation in the following years or maybe even months, several analysts say.
Analyst firm FBR Capital began analyzing Apple's stock after the April 16 closing bell in the evening. It gave the stock a $185 price target, which tops all other investment firms, and an Outperform rating.
Daniel H. Ives from FBR said that Apple will most likely become the first $1 trillion company in the world. The analyst believes that this is because of the iPhone maker's innovation in software technologies. Ives said that technology is one of the company's strongest suites, according to Bidness ETC.
Carl Icahn also believes that Apple's stock is being undervalued in the market. He said that it should actually trade at least 30 percent premium. Icahn gave Apple a $216 price target and valued it on top of the $1 trillion mark earlier this year.
FBR enumerated a number of reasons why Apple is succeeding in the stock market. For one, it said that the tech giant is focused on its service business.
The second one is because of its determination in penetrating the mobile market in China. It is notable that the company's newest iPhone 6 made it as one of the most popular gift items in the country during its Chinese New Year, making it hard for local tech firms such as HTC, Huawei and Xiaomi.
Lastly, because of its bold attempt in niche device categories such as wearables, in which they are now launching the Apple Watch, according to Fortune. Apple Watch deliveries have been pushed to July because of the demand surge from interested buyers.
Apple is also seen to be planting its roots in the enterprise industry. The company has recently partnered with International Business Machines Corp. Both have collaborated in developing business-targeted apps.
