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Capital Markets Apple hit the trillion USD market capitalization?

With Apple’s launch of the Apple Watch, the company's first new product launch with Tim Cook as successor of Steve Jobs as Apple’s CEO, the capital investment company “Cantor Fitzgerald” is seriously considering making Apple a $1 trillion company by raising its target price accordingly.

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Apple CEO- Tim Cook play

Apple CEO- Tim Cook

Apple smartwatch play

Apple smartwatch

(geeky gadgets)

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Apple's chances of becoming a trillion dollar company brightened in February when the company's shares sold for new highs, surpassing the market cap level of $700. With the company's current stocks selling at $127 a share, Apple currently has a valuation of $744 billion. Brian White, an analyst at Cantor Fitzgerald currently has the biggest price target on Wall Street.

Aside the launch of the Apple Watch, White is also optimistic about the iPhone's growing portfolio in China. According to him, the iPhone would benefit from a new upgrade cycle following the expanding 4G network. He also hopes that Apple's shares will continue to rise in value over the next one month.

"We believe the combination of these forces will drive the market to reward Apple's stock with an expanded P/E multiple, and we are raising our 12-month price target to $180 (~$1T cap; from $160)," White said.

Data made available by Bloomberg reveals that 70.7 percent of analysts recommend buying the stock, while only 3.4 percent have a sell rating. Over the past 12 months, Apple shares have sold at an average of $140, starting with less than $80 in March 2014.

With the launch of its smartwatch, Apple hopes to grab it own share of the smartwatch market already being run by a few players including South Korean giant, Samsung.

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