Attendees use new iPhone X during a presentation for the media in Beijing, China October 31, 2017. REUTERS/Thomas Peter
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At Wednesday's $166.89 stock price, down 1.3 percent from a record high, Apple's market capitalization stood at $862 billion.Since the first iPhone hit the market in January 2007, Apple's stock has surged almost 1,300 percent, compared to the S&P 500's 83 percent increase. At least four analysts have target prices for Apple that put its market value above $1 trillion.Drexel Hamilton's White, the most bullish among Apple analysts tracked by Thomson Reuters, has a target price of $208 – that's equivalent to a market capitalization of $1.074 trillion.
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