Apple just hit $500B/share.investors are saying that if apple continues at its current pace /growth rates. Apple will soon hit $700/share in the next 2-4 years .
If that happens and apple stays on its current course , Apple is estimated to be the first company in history worth a trillion dollars. Apple joined an elite club of companies who’ve been worth $500 Billion. Only Microsoft, ExxonMobil, Cisco, and General Electric are in the club, none of which are currently valued above $500 Billion.
Apple has grown so fast in such a short amount of time, yet I believe there is still much room for them to grow. For one thing, the iPad dominates the crowdedt tablet marke which could expand its dominance further with the new iPad. Next, the iPhone dominates the mobile phone market and a new iPhone is due out later this year. If you haven’t caught on to the pattern, Apple dominates all its markets and continues to push competitors away with every new unveiling of an updated product.
Aside from Apple’s standard products, there are rumors that the company is expanding past handheld technologies and could be moving into the TV business. Although these are just rumors, there is a lot of interesting movement making analysts believe that something big could be coming to Apple, something that is not your average Apple. Apple CEO, Tim Cook further stirred the speculation pot when he said to his first conference with investors that Apple has big plans this year that will “blow you away”. Now everyone is scrambling to get Apple shares. Hedge funds have been buying the company hand over fist since the beginning of the year and it doesn’t appear that they will change.
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