“Gains in shares of Apple Inc could take the world’s largest publicly traded company to a market capitalization of perhaps as high as $1 trillion, some of the country’s biggest investors said on Monday,” Luciana Lopez reports for Reuters.
“”It’s an attractively priced, double-digit returner,” said Steve Einhorn, a top executive at Leon Cooperman’s $10 billion hedge fund Omega Advisors Inc.,” Lopez reports. “”We own it, and we like it,” he said, speaking at the Reuters Global Investment Outlook Summit in New York. The company could reach the trillion-dollar mark, “eventually,” he said.”
Lopez reports, “Apple’s current market cap stands at about $670 billion, according to Thomson Reuters data.”
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MacDailyNews Take: Just two Intel’s to go!
This is obviously a bit premature. Please see related articles (and their dates) below.
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