1 trillion Stories November 18, 2014

Analysts attending the Reuters Global Investment Outlook Summit in New York have suggested that Apple could eventually be valued at a trillion dollars.

Gains in shares of Apple Inc could take the world’s largest publicly traded company to a market capitalization of perhaps as high as $1 trillion, some of the country’s biggest investors said on Monday.

AAPL got two-thirds of the way there a few days ago, reaching $663B, since climbing further to $670B, and billionaire investor Carl Icahn suggested last month that the company should already be valued at a trillion dollars …  expand full story

1 trillion Stories October 9, 2014

Icahn talks increased AAPL buyback proposal, valuing company at $1T in interview (Video)

After publishing an open letter to Tim Cook earlier today once again requesting Apple to increase its share buyback program, high-profile investor and Apple shareholder Carl Icahn went on CNBC for an interview to discuss the specifics. Icahn and associates not only discuss the proposal requesting Apple make a tender offer for a larger buyback of shares, but also some of Icahn’s other forecasts and his statement that Apple should be trading at $203 per share, which would put the company at a value somewhere in the neighbourhood of $1 trillion making it the first to do so.

In his letter, Icahn said “our forecasted growth for FY 2016 and FY 2017 more than adequately justifies using a P/E multiple of 19x our FY 2015 forecast, which along with net cash values Apple at $203 per share today.” In addition, Icahn offers some bold predictions in forecasts for yet to be announced product lines including claiming a 4K Apple TV set should arrive for around $1500 in 55-inch and 65-inch variants by 2016. Also factored into his forecast is Apple’s upcoming Apple Watch smartwatch, which he expects to sell “20 million units in FY 2015, 45 million units in FY 2016, 72.5 million units in 2017.”

Apple quickly issued a response to Icahn’s letter today saying it would review its stock repurchase program annually and “take into account the input from all of our shareholders.”

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