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Apple is the most valuable tech company in the world. And it will be the first company overall to achieve a valuation of one trillion dollars, according to investor James Altrucher of Formula Capital on Yahoo Finance. Apple is currently worth $320 billion, so there’s still a long way to go to that one trillion valuation.

Altrucher believes Apple will make it because of its astounding growth-rate and relatively low global market share in its key markets. Altrucher isn’t even worried about Steve Jobs’ health. He thinks Apple is now large enough and diversified enough to succeed even if Jobs doesn’t return full-time.

But there are other good candidates for being the first trillion-dollar company. When Seeking Alpha’s Alan Sharp listed his five candidates for the trillion-dollar race last September, he named Google, Microsoft, oil and energy giant Exxon Mobile and Australian natural resource giant BHP Billiton in addition to Apple, and his pick was Google.

Apple’s strategy to control the devices, operating system and software may turn against it at some point. And while it certainly has delivered staggering financial results, it may be harder to do so in the future as the company grows and markets mature.

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