Apple, the maker of the iPhone, has reached heights that have not been seen before, with a market valuation of $770bn. It is worth more than the entire S&P 600 small-cap index, or two Berkshire Hathaways.
The question for investors is whether the Cupertino-based technology behemoth can surpass the $1tn mark.
Investors have thus far wagered that it can, sending the shares to an all-time high this week. Analysts on Wall Street have taken the view that Apple will if anything go higher, and lifted their price targets at a heady clip . Goldman Sachs raised its view to $145 a share last week — worth $845bn based on current share counts. The highest target, $165, from First Shanghai Securities, would give a market valuation of $960bn.
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