Posted on 04/11/2009 2:41:23 AM PDT by Swordmaker
Second, Apple is known for having too tight a grip on hardware, leading users to migrate to less restricted imitators.
Well, that certainly has not been the case with the iPod. It still totally dominates the music player space.
And the iPhone has succeeded beyond all expectations and is poised to capture a significantly larger segment of the Smart Phone market. The next gen iPhone will probably have video conferencing capability and that is going to be a true killer app that will make iPhone sales soar and the stock price along with it.
http://www.tgdaily.com/content/view/41969/146/
Next up will probably be touch screen net book that could be Kindle killer.
AAPL currently has a market capitalization (combined value of all stock) of US$106.5 billion. If that were to again rise by 5,460%, it would then have a market capitalization of US$5.8149 TRILLION.
According to the CIA World Factbook, the U.S. had a G.D.P. (official exchange rate) of US$14.33 trillion in 2008. So the author of the article is predicting that Apple's stock will have a value of roughly HALF of our country's G.D.P.
You know, I find that prediction a little incredible.
"I find your lack of faith disturbing" (sorry, I don't have a photo of Darth Vader to post).
You are comparing Apples to Oranges. The Market Cap is the value of an asset ignoring liabilities (except as where demand pricing takes into account such liabilities)... while the GDP is a measure of asset growth or income.
For example, the total Market Cap of ALL stocks in the world in May 2008 was ~$57.5 trillion. Apple's Market Cap in May was about $170 billion or ~0.3% of the world's capitalization. Assuming every other business only recaptures the losses since May of 2008 and Apple hits that super-duper growth, which I highly doubt, then its market cap would be only 10% of the overall world wide assets. Still a ridiculous percentage.
Apple did that original 5700% increase in 26 years—1982 to 2008—so it's not an overnight thing... nor does it happen in a vacuum.
Damn index finger... make that "5400% increase"
When you account for inflation over that 26 year period it makes the growth percentage less dramatic but still very impressive in comparison to others.
Even worse, I had it way back When, 1,900 shares, but I took my profit. I bought back in but only 100 shares before Apple switched to Intel chips, something like $35.00 at the time. I never have had good timing, otherwise I wouldn't have been born so long ago.
Oh..., that’s too bad... but, at least you say you did take a profit... :-)
You know everyone thought the first run was a little incredible, nevertheless it happened.
No a huge mistake is having 1900 shares at 16, and listening to moron investors telling you to grab the profit and run, is a mistake.
I cudda been sumpin.
When have they ever been on top?
They have been on top of the mp3 player market for a while now. I’m pretty sure they are the biggest music retailer now as well, if not they are pretty close.
. . . AT&T 's exclusive deal to carry the iPhone in the U.S. expires next year . . . and [AT&T chief] Mr. Stevenson is now in discussions with Apple Inc. to get an extension until 2011.
Wonder what Apple will demand from AT&T to keep its iPhone captive?
It's first born spin-off corporation?
I forgot to credit the Wall Street Journal for that snippet about the iPhone . . .
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