Apple are tipped to surpass Google to become the first ever trillion dollar company (that’s $1,000,000,000,000) after its already massive share price (trading at $633.68 today) could blow out to $1000 a share within the next year.
The Guardian reports that the estimated tip came from an analyst at the Topeka Capital Markets, after Apple’s share price jumped over the value of Google last week. While another analyst from investment banking firm Piper Jaffray claims it’s more likely to happen in 2014. Pretty crazy either way.
Apple’s growth hasn’t stopped since Steve Jobs stepped down, and subsequently passed away from cancer last year. New chief executive Tim Cook took over the reigns, and recently introduced the “new iPad” to the market, with big success.
The company sold a record 37m iPhones and 15.43m iPads in the final quarter of 2011. They’ll sell a further 33m iPhones during the March quarter.
Recently, Australia’s consumer watchdog, the ACCC, took Apple to court over what was deemed to be a misleading advertising campaign that claimed the “new iPad” had 4G capabilities. While the device does offer 4G, its technology is not compatable with the Telstra super high speed service in our country. Apple have since offered refunds.