Three reasons Apple will be the world’s first trillion-dollar company

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This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac
Photo: Rob LeFebvre/Cult of Mac

Cupertino claimed the title of world’s most valuable company earlier this year, but according to some bullish Wall Street analysts, Apple could soon become the world’s first trillion-dollar company.

In a note to investors today, Cantor Fitzgerald analyst Brian White increased his target price for Apple shares to $180, putting his estimations well above other analysts’ expectations. Apple shares’ value will increase 40 percent over the next 12 months, according to White’s report.

While Apple naysayers have pointed to slumping iPad sales and the unclear future of the Apple Watch as signs that Apple is weakening, White gives three key reasons why Apple is poised to break the trillion-dollar barrier.

$700 billion and counting! Apple is world’s biggest company ever

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This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac
Photo: Rob LeFebvre/Cult of Mac

Boom! That’s the sound of AAPL stock hitting yet another all-time high Tuesday, making Apple the first $700 billion company in history.

Microsoft made history in 2000 when it became the first company to close at $600 billion, so this feat must make Tim Cook and the entire Apple team incredibly proud.

AAPL was 2nd most purchased stock by hedge funds in Q2 2014

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AAPL is back in a big way. After breaking an all-time high of $100.53, the price of Apple shares have continued to climb upward, and according the a WSJ report, hedge funds are piling onto the stock in droves.

Over the second quarter of 2014 henge funds have purchased $855 million in new positions in Apple, giving AAPL the second highest level of new buying activity among S&P 500 stocks.