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.
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.