Is Apple about to hit $1 trillion? Not if Google has anything to say about it

Silicon Valley tech giant Apple may one day be worth more than a trillion. Just for a second think about how massive that is.

LOS ANGELES, CA (Catholic Online) - The maker of mac computers, iPods, iPhones and more is already worth more than $670 billion, and has a $260 million lead over its largest rival Microsoft. It has an even large lead over its second greatest competitor, Google, at $300 million.

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Investment expert Carl Icahn believes that all Apple can do is clime.

Specifically he thinks that that stock could reach $203 a share-about 80% higher than its current price.

Brian White of Cantor Fitzgerald-a financial services firm based out of New York City-thinks it may fall just short. He is predicting that it will reach $143 a share, valuing the company at just under $840 billion.

These optimistic predictions could indicate that another tech bubble is on the horizon, just like the one back 14 years ago.

In 2000 there were many who thought that either Microsoft or Cisco Systems could eventually hit the $1 trillion mark-Cisco is valued at $135 billion, well below its 2000 peak of $550.

One analyst still doesn't think that Apple will hit the $1 trillion mark-if it does at all-first. Colin Grillis, an analysts with BGC Partners, wrote in an October report that Google is more likely to reach that financial level first.

For this he says that Google's business model is key. Services and software will prove to be much more profitable than products (56% of Apple's total revenue last quarter).

"Apple is a great company and it is sucking up all the profits in the smartphone market," he said. "But this is a product that's ultimately a low-margin widget. What happens if Apple eventually has to sell iPhones at cost because of even more competition."

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