According to FBR analyst, Apple Inc’s software would allow $1 Trillion valuation


In event of the launch of Apple’s robust software and a promising wearable, an analyst has predicted that Apple may be on set to reach $1 trillion valuation within the next 12 months. According to FBR Capital Markets analyst Daniel Ives, Apple’s share price may reach $185 by 2017.

Apple unveiled the Apple Pay last year, a payment service designed to put a link between its customers, its partner retailers and its very own App Store and iTunes portal.

According to a report, barely six weeks after its launch, Apple Pay took 1.7 percent of the market that month, while rivals PayPal acquired 78 percent, and Square with 18 percent. The same report also added that 60 percent of Apple Pay customers had used the service to pay stuff online, and in brick and mortar stores multiple times in a single month — highlighting the frequency of its usage, and potential revenue gain of Apple by cutting a percentage from each transaction.

But Apple Pay is just a division of the company’s not-so-secretive money-making machine. According to one analyst, Apple Inc. may be on set to move forward, and reach a trillion dollars valuation — citing its software platform which acts as the bond between its products and services.

Recently, Apple’s share price is on the 124 level. Apple’s software business alone is capable of catapulting the company to a higher ground, although it was noted that the firm’s newly launched Apple Watch will also help push more cash into the company’s bank.

According to previous estimates, the new wearable from Cupertino has attracted 1 million pre-orders on its launch date — despite getting several reviews which had recommended a “no buy” citing the product’s prices, unimpressive battery life, and lack of additional features.

Additionally, Ives mentioned the company’s content streaming service which is currently delivered by Apple TV, and the iTunes software on smartphones, tablet computers and Macs. Earlier this month, Apple added HBO Now into its lineup — allowing both services to compete with Netflix, and the lucrative cable TV industry. It is possible that Ives know something more about Apple’s growing content services, including its possible entry to the on-demand TV streaming business


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