“Shares of Apple (AAPL) are sinking along with the rest of the market. Apple’s stock is down $1.53 cents, or 1.2%, to $124.72 Friday,” Krantz reports. “But more importantly, shares have dropped $8.88 a share since peaking this year – erasing $51.7 billion in market value in just weeks.”
“That leaves Apple worth $726 billion – which makes it the most valuable in the Standard & Poor’s,” Krantz reports. “Some investors and analysts are still holding out hope for Apple’s $1 trillion dream. FBR on Thursday started covering Apple stock and outlined exactly how the company will still reach the $1 trillion level in market value.”
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MacDailyNews Take: What Steve Jobs hath wrought is just getting started. Watch and see.
Second analyst sees Apple worth $1 trillion – April 17, 2015