Let's see... 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.
Regards,
Yeah, the hype is way over the top. Perhaps Apple will go over $200 again by the end of this year and perhaps head to $300 next year. A great return for a stock, but if the economy recovers there will be lots of stocks doing that. Apple is a very solid company that has a bright future.
Curses on you! How darest thou invect reason into a specious argument?
You know, I find that prediction a little incredible.
not if a loaf of bread cost $50 and a gallon of gas $70.... hyperinflation is kewl.
just look to the east and praise TOTUS.
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.
You know everyone thought the first run was a little incredible, nevertheless it happened.