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  • Apple on Pace to Become Trillion Dollar Company in Less Than Two Years


    If Apple can only maintain the pace of growth it presently enjoys, the venerable Cupertino, California-based giant will become the first trillion-dollar company the world has ever seen.

    With AAPL hovering around another new all-time record level of $630 today, nothing seems poised to keep the iPhone maker down. And once the HDTV arrives, all bets are off and "real growth" can begin - that's according to Gene Munster.

    The leading Piper Jaffray analyst says that Apple will see a market capitalization of one trillion dollars, likely by the close of 2014. That's approximately $400 billion more than Apple's market cap today. So where will all that cash come from?

    Half from more money pouring into tech stocks and half from money continuing to drain from the market cap of Apple's major competitors, who have roughly $1 trillion between them.
    In addition to investors dumping their money into Apple at a record pace, Munster sees iDevice ownership - particularly of the iPhone variety - being critical to this Growth. Munster sees 70 percent of all two-year-old iPhones being upgraded per quarter.

    "That suggests 33% of iPhones in a given quarter through 2015 are 'in the bag,'" Munster writes. "We believe this is conservative given it expects an average iPhone life of 24 months."

    Also today, Munster lifted his 12-month price target for AAPL to $910.

    Source: WSJ (via Market Beat)
    This article was originally published in forum thread: Apple on Pace to Become Trillion Dollar Company in Less Than Two Years started by Michael Essany View original post
    Comments 7 Comments
    1. kddo14's Avatar
      kddo14 -
      the post-pc bubble
    1. RICO_'s Avatar
      RICO_ -
      I'd like to see how long that lasts with the rapid deterioration of the European and American economy.
    1. ikesmasher's Avatar
      ikesmasher -
      wow. just wow.
    1. Moreno53's Avatar
      Moreno53 -
      Quote Originally Posted by RICO_ View Post
      I'd like to see how long that lasts with the rapid deterioration of the European and American economy.
      You mean like the "great depression" that happened in 2009? Or the impending world collapse of 2010...or the massive debt crisis that should have put the world into a massive death spiral in 2011??? These idiotic chicken little scare tactics are so lame.
    1. Benson11's Avatar
      Benson11 -
      Indeed its a vast achievement but not impossible at all. As we all are well known of apple's today's market place.
    1. The Amazing Atheist's Avatar
      The Amazing Atheist -
      Who WANTS to buy a Zune....
    1. celeron's Avatar
      celeron -
      The Zune is/was a fail from M$ part