Wednesday August 10 is a day Apple will mark on the calendar.
After market closure, Apple surpassed ExxonMobil, by over $6 billion, to become the world’s most valuable company.
Apple’s market cap, a way of measuring a company’s value, now stands at $337.17 billion.
If you consider that only 12 years ago Apple was on the ropes and today it’s the company on the top, it’s quite phenomenal.
What turned things around for the Cupertino-based company? It was the iPod. One small but genial music player.
Will Apple become the first 1 trillion company in the world? Hard to tell, but I wouldn’t be surprised if they did.
The company is very healthy, has a massive sales growth about 10 times faster than that of most companies.
According to the New York Times, a $1 trillion Apple would be the equivalent of combining the market value of Microsoft, , Intel, Amazon and other tech giants all into a single company.
Furthermore, Apple seems to be the favorite electronic brand into the recently tapped China, a market at least double of the U.S.
Generally Apple products are selling like hot cakes, and the MUCH anticipated iPhone 5 will probably sell like no other electronic gadget in history.
I reckon they could do it, what do you think?
August 11, 2011
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