“Remember all the talk about Apple racing to be the first company worth $1 trillion?” Matt Krantz reports for USA Today. “Looks like the party will have to wait.”
“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.”
Read more in the full article here.
MacDailyNews Take: What Steve Jobs hath wrought is just getting started. Watch and see.
Second analyst sees Apple worth $1 trillion – April 17, 2015