Apple to become trillion-dollar company
Topeka Capital Markets analyst Brian White has predicted that the released of the iPad mini and the iPhone 5 will send Apple’s market cap beyond $1 trillion.
His predictions rest on a deal with China Mobile, the iPhone 5, the iPad mini, and an HD Apple TV. Personally, I believe that breaking the $1 trillion would mark the beginnings of Apple’s world domination, something I have alluded to many times in recent days.
White said:
‘In June, analysts and market pundits expressed growing concern that Apple would succumb to the $500 billion ‘market cap flu’ and the stock would finally roll over… In a note on June 18, we highlighted why we felt this was a fallacious argument and pointed out that investors should think of Apple’s market cap in terms of ‘trillions’ and not ‘billion.. Based on our calculations, Apple is now the most valuable company ever, finally surpassing the market value of Microsoft at the peak, and removing a key sentiment barrier for the stock.’
Thoughts?
Microsoft is still number one when you account for inflation. Its market cap, as also stated by the Columbia Journalism Review “was actually about $856 billion in constant dollars, $235 billion more than Apple’s current market cap.
Much of the media attention was placed on Apple as the winner and Microsoft as the loser. But the reality is something different.
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