“Apple Inc. has the potential to be the first company ever to reach $1 trillion in market capitalization,” David Zeiler writes for Money Morning. “And I believe it will in a relatively short order – but it won’t be easy.”
“‘Apple’s a no-brainer to me to hit a $1 trillion-dollar market cap within the next year,’ James Altucher, managing director of Formula Capital, said on CNBC’s ‘Fast Money’ recently,” Zeiler writes. “The record for market cap is just over $650 billion, achieved briefly by Microsoft Corp. at the peak of the dotcom bubble in early 2000… One factor in Apple’s favor is that it has risen to its current lofty levels not riding a bubble but despite a recession. And the markets for its existing products, such as the iPhone, the iPad and the Mac, still have room to grow.”
Zeiler writes, “Naturally, getting to $1,000 a share and a $1 trillion market cap will require the addition of new sources of revenue, as well as sustaining growth in existing markets. However, Apple already has head start with at least three cutting edge innovations.”
• NFC in the iPhone
• The Apple iTV
• The iBook Revolution
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dave Z.” for the heads up.]