“Apple is the most valuable company in the world. Nobody else comes close,” Paul R. La Monica reports for CNNMoney.
“It is worth more than $670 billion. Stop and think about just how iNormous that is for a second,” La Monica reports. “Apple has a $260 billion market value lead over key rival Microsoft and is worth $300 billion more than Google, another big competitor.”
“pple’s market cap is $185 billion higher than the combined market values of all 20 companies in the Dow Jones Transportation Average, an index that includes well-known blue chips such as FedEx, UPS, Union Pacific and Delta,” La Monica reports. “So how much higher can Apple’s stock climb? Could it one day be worth more than $1 trillion? Legendary investor Carl Icahn thinks so.”
Read more in the full article here.
MacDailyNews Take: It’s déjà vu all over again.
Omega’s Einhorn: Apple’s market value could hit $1 trillion – November 18, 2014
Apple’s market value primed to go to $1 trillion, creating largest company in history – July 3, 2012
Apple at $1,111 per share with a $1 trillion market cap in the next year – April 26, 2012
Piper Jaffray ups Apple price target to $910; sees world’s first trillion-dollar market cap – April 3, 2012
Altucher: Apple will become a trillion-dollar company; $1,000 a share – May 3, 2011
Apple could become first $1 trillion company in as little as 36 months – April 14, 2011
Why Apple will be the first company to achieve a trillion dollar market cap – December 30, 2010