Apple On Track for Trillion Dollar Valuation

[TheMailMan78]

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.

View at TechPowerUp Main Site

 

[trickson]

I doubt this will happen. But with all the Apple dummies out there I know it has a chance. Never had any thing Apple never will.

 

[_JP_]

Maybe we can trick Mugabe into making a fool of himself...

I'll buy it, keep the change.

 

[NdMk2o1o]

It won't be called iTV, ITV has been a UK TV broadcasting channel for 60 years - http://crave.cnet.co.uk/televisions/itv-warns-apple-off-itv-name-50006932/

Now imagine if the shoe was on the other foot and it was someone trying to steal Apple's IP, but wait.... http://www.google.co.uk/search?q=ap...ceid=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

 

[theJesus]

And at 500 billion I hardly think that's classed as on track for a trillion

Well, it's halfway there and not too many other companies can claim as much.

 

[n-ster]

They should adjust for inflation though, 650 b$ in 2000 is over 850 b$ in 2012

 

[theJesus]

They should adjust for inflation though, 650 b$ in 2000 is over 850 b$ in 2012

True. I still think they'll hit the trillion dollar mark sooner or later though. If I didn't hate them, I might think it worth investing in their stock.

 

[m1dg3t]

Thing's like this just goes to show the everyday person how end user friendly Apple really is. They make their product's for no more $100/unit and sell them @ 5,6 or even 7 time's that amount. All the while forcing their mfg employee's to work in slave labour condition's. GG Apple

 

[Isenstaedt]

It won't be called iTV, ITV has been a UK TV broadcasting channel for 60 years - http://crave.cnet.co.uk/televisions/itv-warns-apple-off-itv-name-50006932/

Well, "iTV" is slightly different from "ITV"... but even if they were exactly the same, what's the problem? It's not like they are competing companies.

 

[theJesus]

Well, "iTV" is slightly different from "ITV"... but even if they were exactly the same, what's the problem? It's not like they are competing companies.

Everybody is a competing company if your name is Apple.

 

[Super XP]

I doubt this will happen. But with all the Apple dummies out there I know it has a chance. Never had any thing Apple never will.

So True, Lot's of Apple Dummies

 

[m1dg3t]

An Apple a day keep's the smart people away!

 

[Red_or_Dead]

Well, "iTV" is slightly different from "ITV"...

soooooo... i can call you a cOCK and before you get a bag on, i didn't call you a Cock did i?

 

[m1dg3t]

Don't start an argument over semantic's, what are you guy's Apple employees?

 

[v12dock]

Microsoft's 2000 market cap is still higher with the inflation rate

 

[n-ster]

They should adjust for inflation though, 650 b$ in 2000 is over 850 b$ in 2012

Microsoft's 2000 market cap is still higher with the inflation rate

 

[xaira]

so the word on the street is that apple is on track to become the most valuable company of all time...it starts slowly, record earnings here...record earnings there, then the fourth most profitable quarter of any company in the history of earth...people take note but dont want to cause a ruckus...people sell gold and buy apple shares...why not put your savings in apple shares...put your pension in apple shares...want little jimmy's college fund to grow...why not apple shares eventually apple shares are the most sought after commodity in the world...wall street derives complex financial products and sells them to everyone who wants a piece of the pie...AIG insures the investments made by all parties into apple shares... why not...apple shares havent gone down since the last recession, itll never go down

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

 

[lashton]

hmmm

Thing's like this just goes to show the everyday person how end user friendly Apple really is. They make their product's for no more $100/unit and sell them @ 5,6 or even 7 time's that amount. All the while forcing their mfg employee's to work in slave labour condition's. GG Apple

we sell Mobile Phones in Aussie and NZ, and we sell 60 to 1 in favout of the Galaxy S2 over the Iphone 4s, but we get 1:1 returns so the iphones 4S is shittier and returning more for stupid little things

 

[AphexDreamer]

Apples uses Foxconn and further perpetuates the cruel working environments over there. I despise any company that uses Foxconn.

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.

 

[crazyeyesreaper]

well good luck buying any electronic device period, Foxconn has their hands in almost every electronic device made on the face of the planet.