How Much is Apple Worth?
“A chicken in every pot.”
–early 20th century political campaign ad.
“An iPhone in every hand . . . in the world.”
–economic reality, 2012
Well, all the folks who feared that Apple would founder (no more f’s, promise) after Steve Jobs’ passing have been proven wrong, big-time: the company’s stock went up 10% overnight — back to around $600 a share — on the news that every Chinese teenager, adult, senior citizen and tween (is that the right word?) apparently wants an iphone.
With lots of Indians, Indonesians, Phillipinos, Argentinians, Nigerians, etc. standing in line behind them (presumably).
Can Apple’s market cap more than double from here, to $1 trillion?
I don’t see why not.