According to BGR, Topeka Capital Markets analyst Brian White predicted that The Cupertino-based tech giant could become the most valuable company of all time.
In a note to investors on Tuesday, the analyst estimated that the launch of the iPhone 5, iPad Mini and iTV will send Apple’s market cap beyond $1 trillion.
“In June, analysts and market pundits expressed growing concern that Apple would succumb to the $500 billion ‘market cap flu’ and the stock would finally roll over,” White wrote.
“In a note on June 18, we highlighted why we felt this was a fallacious argument and pointed out that investors should think of Apple’s market cap in terms of ‘trillions’ and not ‘billions’. Based on our calculations, Apple is now the most valuable company ever, finally surpassing the market value of Microsoft at the peak, and removing a key sentiment barrier for the stock.”
“With the help of blockbuster product launches on the horizon with the iPhone 5, iPad Mini, Apple TV and potential China Mobile relationship, we believe Apple is on a path to generate the highest annual net income of any publicly traded company ever by at least CY13,” he added.
“On average, we estimate Apple’s net income in CY12 will be over 5.6x higher than the three tech companies on an individual basis (when at $500 billion) or 1.7x the aggregate profit of these three companies combined.”
The devices are expected to be launched on September 12 and be available nine days later, on September 21.