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Apple to become world's first $1 trillion company

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foxman

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Apple to become world's first $1 trillion company
LONDON: Apple will become the world's first trillion-dollar company when its shares top $1,000 each, Wall Street analysts have predicted.

The technology giant's shares were worth $633.38 last week as its stock price rose above Google's for the first time, the Daily Mail reported Friday.

Brian White, of Topeka Capital Markets, then claimed Apple's sky-high share price will hit four figures within 12 months - making the company worth $1 trillion.

He said in his report: "Apple fever is spreading like a wildfire around the world."

Gene Munster, of Piper Jaffray, followed that up by claiming Apple stock will hit $1,000 - but by 2014.

The company, based in Cupertino, California, is already the most valuable company in the world currently valued at $590.82 billion, according to the newspaper.

Just a year ago the shares were changing hands at $341. In January, Apple revealed it had more than doubled its profits to $13.06 billion, compared with $6 billion for the same quarter in 2010.

Tim Cook, Apple's chief executive who took over from the late co-founder Steve Jobs, said: "We could have sold more if we'd had more supply. We could not be happier."

Apple's growth is expected to be driven by sales in China, where January's launch of the iPhone 4S triggered a near riot in Beijing, the Mail said.

Earlier this year Morgan Stanley analyst Katy Huberty predicted Apple could sell 40 million iPhones in China this year. Apple is also expected to move into the TV market after the launch of its set-top box Apple TV.
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32 comments
Yes, they need to bring down the prices because they're doing so bad. :facepalm:

Fucking sake, what won't I read on WJunction...
 
Damn! Those hipsters are growing at enormous rate! I try my level best to educate my fellows about android but damn, apple craze is growing :(..
 
Iphone is just gay ie its a waste of money it doesnt have that many features and its high priced and an android phone has more features than apples any new phone ie suppose if they launch a new phone another phone will already be in the market that would have similar features but lower pricing
 
Heh, Apple's tech may be overpriced but Android will never reach the level of polish that iOS has. Android will always be richer in features and specs, but on a mobile platform that just doesn't matter (except some specific features such as 4G). What's the use of a 1.4GHz dualcore processor if the OS isn't polished and optimized to use it?

Jailbreak a iOS device and you get much more features, yet the same level of polish if you have enough brain to pick your apps.
 
I personally prefer iOS over all other operating systems for mobile because of the great apps it has and for it's simplicity. I love Apple products and I'll always try save money and buy if it's good. There are couple of things I hate with them and the most is that they have really high prices.
 
Heh nice thread ...
I just buy today brand new IPad and i must say its worth every penny what i pay for it .
Just simply smartest and fastest tablet on market .
 
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