Will Apple soon be worth $1 trillion?

It is worth more than $670 billion. Stop and think about just how iNormous that is for a second. Apple (AAPL, Tech30) has a $260 billion market value lead over key rival Microsoft (MSFT, Tech30) and is worth $300 billion more than Google (GOOGL, Tech30), another big competitor, CNN reports. Apple's market cap is $185 billion higher than the combined market values of all 20 companies in the Dow Jones Transportation Average, an index that includes well-known blue chips such as FedEx (FDX), UPS (UPS). Union Pacific (UNP) and Delta (DAL), So how much higher can Apple's stock climb? Could it one day be worth more than $1 trillion? The case for iTrillion. Legendary investor Carl Icahn thinks so. Icahn, who owns a stake in Apple, said in a letter to the company's management team that the stock could be worth $203 a share. That's nearly 80% higher than its current price. At that level, it would value Apple at more than $1 trillion -- even if Apple bought back as much stock as Icahn thinks is necessary to boost the share price. Most Wall Street analysts aren't as bullish on Apple though. One of the most optimistic, Brian White of Cantor Fitzgerald, has a $143 price target on Apple, according to FactSet Research. That would value Apple at just under $840 billion.

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