It looks like Apple Inc will soon become world's first trillion-dollar company with experts predicting that the emerging markets growth could propel its stock to breach $1,000 in a year or two.
Topeka Capital Markets analyst Brian J. White is of the opinion that Apple's stock could touch $1,000 by 2013 while Piper Jaffray senior research analyst Gene Munster thinks it should happen by 2014.
"Shares can reach $1,000 based on our belief Apple will continue to win in global mobile devices," Gene Munster said in his latest report.
"Driven by an ever expanding portfolio of innovative products, a growing integrated digital grid, unmatched aesthetics and a brand that is able to touch the soul of consumers of all backgrounds, Apple fever is spreading like a wildfire around the world and we see no end in sight to this trend," White had written a couple of days ago.
Shares of Apple have been outperforming Wall Street's expectations since last year. It is expected to keep growing as its latest version Apple TV might revolutionize distribution of content like the way iTunes changed music delivery.