Monday, February 13th 2012
Apple On Track for Trillion Dollar Valuation
Today Apple announced its market value to be $500 billion dollars after a massive stock surge Monday. The tech giant's valuation is now nearly halfway to the 10-figure mark, with speculation Apple will launch iTV later this year driving shares to new record highs. Yet, Apple still has a way to go to become the most valuable company of all time. If Apple shares continue to hit new record levels, its market cap will reach $500 billion when the price reaches $537.
Still, shares will need to rise another $100 above that level to put Apple in contention for the most expensive company ever. According to Standard and Poor's, ExxonMobil was the most recent company to see a valuation north of $500 billion, back in 2007 when oil prices were at record highs. While Microsoft may not excite investors like it did in Y2K, the software behemoth still holds the record for the most expensive valuation. Its market cap closed out 1999 at just over $600 billion according to Standard and Poor's, before peaking north of $650 billion during the tech bubble in 2000. The high analyst price target on the street for Apple right now is $700. At that price, its market cap will handily surpass Microsoft's Y2K record.
Time will tell if Apple will reach the trillion dollar mark.
Source:
CNBC
Still, shares will need to rise another $100 above that level to put Apple in contention for the most expensive company ever. According to Standard and Poor's, ExxonMobil was the most recent company to see a valuation north of $500 billion, back in 2007 when oil prices were at record highs. While Microsoft may not excite investors like it did in Y2K, the software behemoth still holds the record for the most expensive valuation. Its market cap closed out 1999 at just over $600 billion according to Standard and Poor's, before peaking north of $650 billion during the tech bubble in 2000. The high analyst price target on the street for Apple right now is $700. At that price, its market cap will handily surpass Microsoft's Y2K record.
Time will tell if Apple will reach the trillion dollar mark.
19 Comments on Apple On Track for Trillion Dollar Valuation
I'll buy it, keep the change.
Now imagine if the shoe was on the other foot and it was someone trying to steal Apple's IP, but wait.... www.google.co.uk/search?q=apple+sues+&rls=com.microsoft:en-gb:IE-SearchBox&ie=UTF-8&oe=UTF-8&sourceid=ie7&redir_esc=&ei=iUU5T7SsJcmY-wb0-u2kAg
F**king despise Apple, such a dirty company.
And at 500 billion I hardly think that's classed as on track for a trillion :rolleyes:
Owners borrow massive sums against the future earnings of their apple shares, that the banks gladly approve because if the loans default they get the apple shares(which will rise forever)... i got tired of typing but you get my drift
Now I do own a ps3 but that was before I knew what was going on. This in combination with other various reasons will lead me to not buy an iPhone or any future consoles (Since they will likely use Foxconn).
Good day.