Analyst Brian White has raised his price target on Apple shares from $160 to $180, which means the market cap would be over $1 trillion. This is almost three times more than Google, which is in second place for the U.S.’s most valuable company, and more valuable than the GDP of the Netherlands, Indonesia, or Saudi Arabia. White, who works for Cantor Fitzgerald, is maintaining a “Buy” rating on Apple. He says, “Next month, Apple will enter its first new product category in five years, while media reports over the past several weeks have highlighted potential new areas of future innovation.” He bases his current model is based on projected Apple Watch sales of 20.6 million in the first year on the market and 25.1 million in fiscal-year 2016. That would bring in revenue of about $11.7 billion.
