While there is a bit of negative press surrounding Apple
iPhone alarms), the future for the Cupertino giant is looking quite bright.
The iPhone 4's expansion
to Verizon Wireless is fast approaching (a fully supported Verizon "iPad
2" shouldn’t be too far behind), the Mac
OS X App Store is launching
this week, and Mac computer sales have been seeing an uptick over the past
The company has now passed another “milestone” now that its
stock has climbed to nearly $330
a share. As a result, the company now has a market capitalization of
roughly $302 billion.
If you recall, Apple's market cap was around $222 billion in
late May of last year, putting it slightly ahead of Microsoft which was
hovering around $219 billion. Microsoft's market cap today is $240 billion.
For reference, Exxon Mobile has a market cap of $368 billion while Google
sits at $193 billion.
To back up the lofty $300+ billion market cap, Forbes' Eric Savitz says that Apple is
projected to bring in revenue of $88 billion for the fiscal 2011, putting it
ahead of Microsoft's estimated $68 billion. However, Apple is still expecting
to trail behind Hewlett-Packard (est. $129 billion) and IBM (est. $99 billion)
for fiscal 2011 revenue.
With Apple expected to make a few waves in the form of new
product in the coming weeks and months, it should be interesting to see if
there is a ceiling to the stock's meteoric rise.
quote: CES will be in a few days. Of course the iPhone Apple's savior has been being eaten at slowly for a few months now. Dual core basically mini pc's are going to be all over CES with new Android, W7, BB, all kinds of other smart phones are going to be everywhere. The tablets will as well with expanded memory in ROM and Ram flavors, Tegra2, A9, and several other single and dual core processors, and input output of every kind.I would say if Apple stock is that high sell it now, as it will decline slowly at first, and more rapidly as the year goes by. No it won't crash this year, I actually give them a bit more time than the last time they fell off the world. Either way even though they may have more market points and capitalization now, those also cost money to support.So with multiple wounds to bleed from they will go down fast when they start to fall. Just like the last time they will start selling various divisions, and then patents. That will keep them afloat for some time. The problem for Apple is competition. Yes they may be strong or whatever, but when you alone hold a single position that is a market, and all your competitors are whittling away at that single point all together, you will almost certainly go down, just like 89 all over again.I know I am going to get many people stating otherwise, and rating me down for saying this. Apple is nowhere near bullet proof, even though they are maybe stronger now than back then. You can fight an enemy singularly, but you cannot fight an Army singularly.