An Apple logo above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar/File Photo

Apple’s market capitalization crossed the US$800 billion mark for the first time Tuesday, prompting the Wall Street Journal to ask the question: is it headed to US$1 trillion?

The gains this year have been helped by a big buy from Berkshire Hathaway and forecasts of a strong release of the 10th anniversary iPhone later this year.

The stock is currently trading at 15.7 times earnings, which is pricey but compares to an average tech stock P/E of 18.5.

The most bullish among investor forecasts sees the stock price jumping to US$202 over the next year, versus its current all-time high prices of US$153.99, which would bump Apple’s market cap above US$1 trillion.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.