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Apple smashes $800bn valuation amid suggestions it could reach $1tn

on May 9, 2017 | 0 comments

By John Glenday

Apple’s stratospheric growth rate looks set to continue unabated for some time yet – – despite an apparent stall in sales of its flagship iPhone – after its valuation topped $800bn for the first time.

Even that figure could be dwarfed by the shower of riches up for grabs in the future, with US broker Drexel Hamilton of the belief that the firm could hit the $1tn milestone.

Far from having peaked, a growing number of investors are of the belief that the technology firm is actually undervalued, with plenty of growth left in the tank.

Hamilton has set Read full story ›

Source: The Drum