Apple could very well be on track to become the first $1 trillion company in the world, according to one Wall Street analyst. Brian White from Topeka Capital Markets recently predicted that Apple stock would top $1,000 per share in the next year which would put the company's overall value close to that $1 trillion mark.

Apple stock has been red hot over the past couple of years and it shows no signs of slowing down. Share prices surpassed those of Google for the first time last week, a milestone that Steve Jobs was rumored to be working towards. It is believed that Jobs declined to split Apple's stock in order to one day reach this goal.

So, what exactly could help Apple reach that coveted $1,000 share value?

An emerging presence in China would certainly help. Cupertino currently occupies only a tiny sliver of the market share in the country but that is expected to change as the company inks deals with telecoms in the region. Analyst Katy Huberty from Morgan Stanley believes that Apple could sell upwards of 40 million handsets in China this year.

The second key to topping the 1K mark is the entrance into an entirely new market: television. Apple has long been rumored to be working on a television and in Walter Isaacson's biography of Steve Jobs, it was all but confirmed. Isaacson even said in a recent interview that he left out details about Jobs' vision of what the device should be because it hadn't been released yet.

It still remains to be seen when or if Apple will try to reinvent another market.