Dayton Business Journal...
Analyst: Apple stock to hit $1 trillion market cap
Friday, April 27, 2012 

Topeka Capital Markets analyst Brian White, the most bullish analyst covering Apple Inc., raised his estimates after the company’s big earnings this week, predicting it will become the first trillion-dollar company sometime next year. 

That is based on White raising his stock price target to $1,111 a share from the $1,001 estimate he projected earlier this month. 

He is also basing his prediction on the company rolling out an Apple TV product, a mini version of the iPad, an iPhone 5 and a new relationship with China Mobile. 

Apple (NASDAQ:AAPL) on Tuesday said its profit nearly doubled in its second quarter, jumping 94 percent to $11.6 billion, or $12.30 per share. Revenue rose 59 percent to $39.2 billion. 

Analysts had projected earnings of $10.07 per share on revenue of $36.96 billion. 

Its stock jumped almost 9 percent on Wednesday, its biggest one-day percentage gain since 2008, closing at $610 a share. It had fallen as low as $555 before announcing earnings this week. 

Apple has traded the top spot of most valuable company in the world several times in the past year with Exxon Mobil, both of which are well ahead of other heavyweights Microsoft Corp., International Business Machines and Google Inc.