Apple’s $1 trillion valuation will rise to $1.4 trillion in 2019, according to research firm FactSet.
And analysts say the company’s growth will continue to accelerate as Apple moves toward the future.
In the next 10 years, the company expects to triple sales growth from the current level of 2.3% to more than 3.5%.
FactSet predicts Apple will continue its aggressive growth rate of 6% to 8%.
Factset’s research indicates Apple’s next earnings report will be a better fit for Apple’s growth strategy than its current quarterly results.
Apple has a growing list of acquisitions under review and the company is actively shopping for new products.
FactSet says Apple is working on buying multiple technology companies to boost its ecosystem.
Apple has been working with Google, Amazon and Microsoft on acquisitions that could boost the company by $500 billion.
Factset says that while Apple’s goal is to expand into the consumer space, it is also looking to grow its services, particularly its iCloud cloud storage service.
FactSet says it expects Apple to release another quarterly earnings report before the end of 2019.
The company will be more transparent about its plans, including its acquisition and licensing plans, FactSet said.