Apple shares are currently trading for around $175, giving the iPhone maker a market cap of roughly $900 billion. The valuation puts Apple within $100 billion of becoming the world’s only trillion dollar company.
Apple shares will have to rise to around the $195 mark for the company to reach a trillion dollar valuation, depending on the rate of its share buybacks, and an increasing number of Wall Street analysts think that will happen.
Drexel Hamilton analyst Brian White, who is extremely bullish about Apple, has a lofty 12-month price target of $235 for the company’s stock. In other words, he forecasts that Apple could be a [...]
Apple will dethrone Samsung as the world’s largest smartphone maker in the fourth quarter of 2017, on the strength of strong iPhone X demand, according to Taiwanese market research firm TrendForce.
TrendForce estimates Apple will record 19.1 percent market share in the quarter, encompassing the busy holiday shopping season, which would be slightly ahead of Samsung’s estimated 18.2 percent market share. Chinese vendors Huawei, OPPO, and Xiaomi are expected to round off the top five.
The feat would be impressive as always given that Samsung sells over a dozen different smartphone models, including some as cheap as $200, whereas Apple primarily [...]
India has ousted the U.S. to become the world’s second largest smartphone market after China, according to a new market research report on Thursday.
Figures aggregated by industry analyst Canalys show smartphone shipments in India in the third quarter of this year rose above 40 million units for the first time, representing 23 percent annual growth.
„This growth comes as a relief to the smartphone industry. Doubts about India’s market potential are clearly dispelled by this result,“ said Canalys Research Analyst Ishan Dutt. „There are close to 100 mobile device brands sold in India, with more vendors arriving every quarter. In addition, [...]
Apple supplier Taiwan Semiconductor Manufacturing Company has announced today that its founder and chairman Morris Chang will be stepping down from all leadership positions effective June 2018, immediately following the annual shareholders meeting taking place that month (via DigiTimes and Reuters).
Following Chang, TSMC will fall under the dual leadership of Mark Liu and C.C. Wei, with the former executive taking on the chairman of the board position and the latter becoming sole CEO of the company. Chang mentioned personal and family reasons for his retirement, and assured investors that the transfer of leadership would not change TSMC in any way, looking back on his time [...]