Economic Times:
Riding on the ‘better-than-expected iPad and iPhone sales’, the upcoming flagship device iPhone 8 could make the Cupertino-based giant the first company to reach and sustain a $1 trillion market cap, analysts have predicted.
And:
Daryanani said that Apple’s share price would have to rise from its current level (about $160) to about $192 to $195, depending on the rate of the company’s stock buybacks, to reach the $1 trillion value.
Astonishing rise from the ashes for Apple. I remember, long ago, considering an investment in Apple stock at $12 a share (long before the 7-for-1 split, and two 2-for-1 splits) about 43 cents a share adjusted for today’s pricing).
This was in the worst of Apple doldrums, before Steve came back. The smart folks I spoke with explained to me that, at the time, Apple had enough assets to pay more than that $12 per share if they sold everything they had, including real estate, desks, inventory, everything.
That was the thinking back then. Apple stock was bargain basement. And look at them now.
Back then was the one time that I ever wanted to buy shares of a specific stock, but I didn’t have any money. I never predicted they would reach this level though.
IIRC, Apple, as a stock, was long undervalued (even during the massive run-up) on the basis of price to earnings.
Anyone know if that’s still true?
Wouldn’t it be funny if it was just the iPhone 7S that made Apple a trillion-dollar company?
Good question. I haven’t been following the rumors lately and I’ve been wondering why it’s being referred to as the iPhone 8 instead of the 7S. If the change in form factor is as big as rumored I could understand the break from the S naming scheme.
I was pretty much settled upon making my next iPhone an “S”, whenever that happens.