Why you shouldn’t bet against Apple at $300 billion

Apple Online StoreWith a market cap now over $300 billion, “Apple continues to be the second most valuable U.S. company behind Exxon Mobil, which has a market cap of $375 billion (a 52-week high),” Jon Fortt writes for CNBC. “Apple could surpass Exxon’s market cap by topping $410 per share, assuming Exxon’s stock continues trading near current levels.”

“This remarkable run in Apple’s stock is really a story of the past three and a half years,” Fortt writes. “It took almost 23 years of trading for Apple to top $100 billion in market cap in May 2007. The next milestone came less than three years later – $200 billion in March of last year. Now, 10 months later, as Steve Jobs would say – boom. $300 billion.”

Fortt writes, “Is Apple overvalued? Don’t assume that.”

Full article here.

11 Comments

  1. I’m not sure if I have enough loose change to bet against Apple. I’ll have a word with my mate Gatesy; maybe we can combine our fortunes and short Apple.

    Yeah that’s what we’ll do. We smell enough of Apple’s exhaust fumes as it is tailgating Cupertino for ideas.

  2. Look at the performance of the last 0 years- there’s no reason whatsoever for Apple not to continue on this tear.

    Apple didn’t buy HP’s huge property to expand into, without massive growth anticipation. It’s gonna take at leat 2 years to redevelop it if not completelybdestroy and build it higher. Apple’s pretty accurate at gauging it’s future growth and that is very telling…

    Betting against a company is purebidiotic spite- at least as regards to Apple… There’s plenty steam left in this roller – plenty.

  3. Look at the performance of the last 10 years- there’s no reason whatsoever for Apple not to continue on this tear.

    Apple didn’t buy HP’s huge property to expand into, without massive growth anticipation. It’s gonna take at leat 2 years to redevelop it if not completelybdestroy and build it higher. Apple’s pretty accurate at gauging it’s future growth and that is very telling…

    Betting against a company is pure Idiotic spite- at least as regards to Apple… There’s plenty steam left in this roller – plenty.

  4. Apple is only just getting started, only just warming up.

    If you study Steve Job’s words since 1980, he’s quite clearly said how he envisions computing and where it should go.

    The Dark Stagnant Age is over.

    This time the photocopiers won’t be able to keep up.

  5. So much of this upward and long-term speculation assumes Steve Jobs will live forever or at the very least, remain at the helm and never retire.

    For many emotional, irrational investors, Steve = Apple

  6. Agree with CAscadians. Entering new era when vision and inovation will trump market share leveraging and M&A growth. Note that Apple is not buying its growth, nor is it paying for it with free products that it takes a loss on for 4 years. This is a dangerous time to be in tech, the strong will crush the weak mercilessly.

  7. I like Apple and all, but Exxon is holding a lot of aces in its hand. I won’t expect Apple to dethrone them this year. It will take another oil spill before Exxon loses its ill-gotten position as top market cap (and chief polluter and money launderer) of the planet.

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