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New CEO Tim Cook (L) and former CEO Steve Jobs (R)
No Steve Jobs? No problem!

When Steve Jobs announced that he was resigning as CEO of Apple last month, many wondered how the market would respond to the news. With Tim Cook at the helm as the new CEO of Apple, investors need not worry -- in fact, Apple's stock is performing better than ever.

AAPL hit a high of $411.85 today and is now hovering around the $410 mark with just under an hour left before trading ends today. The stock is up 2.4 percent today while the overall market is down 1.28 percent. 

Apple Inc. now has a market cap of $380 billion compared to $355 billion for Exxon Mobile Corporation.



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RE: Wow
By michael2k on 9/19/2011 11:16:50 PM , Rating: 2
More information on how to calculate a stock's value is here:
http://www.moneychimp.com/articles/valuation/dcf.h...

Just assuming 10% growth for 5 years (which is lower than anyone expects) you see AAPL is worth $423. Their growth has been more like 20% to 40%, that really means if nothing else changes in the next 5 years they really should be worth $600 to $700.


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