Technology giant's Apple is on the way of being the world's first trillion-dollar company which shares worthd $1,000 each. Company's share was worth $633.38 last week as its stock price rose above Google's for the first time.
According to experts, Apple's sky-high share price will hit four figures within 12 months - making the company worth $1 trillion.
Apple fever is spreading like a wildfire around the world.
Gene Munster, of Piper Jaffray, followed that up by claiming Apple stock will hit $1,000 - but by 2014.
The company, based in Cupertino, California, is already the most valuable company in the world currently valued at $590.82 billion, according to the sources.
Just a year ago the shares were changing hands at $341. In January, Apple revealed it had more than doubled its profits to $13.06 billion, compared with $6 billion for the same quarter in 2010.
Apple's chief executive Tim Cook said that we could have sold more if we'd had more supply. We could not be happier.
Apple's growth is expected to be driven by sales in China where its launching I phone in January had triggered a near riot in Beijing.
(With inputs from IANS)
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