Apple is world’s most valuable company. Can they hit the trillion?

August 11, 2011

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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.

Apple-Most-Valuable

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. Apple - iPod classic - Hold 40,000 songs in your pocket.

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?


, ExxonMobil, , , , Market capitalization, Microsoft, New York Times


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