Apple scoring high
According to industry buzz, Apple is set to become the world's first trillion-dollar company when its shares top $1,000 each. The Company recorded its shares were worth $633.38 last week as its stock price rose above Google's for the first time.
Brian White, Topeka Capital Markets said, "Apple's sky-high share price will hit four figures within 12 months - making the company worth $1trillion. Apple fever is spreading like a wildfire around the world."
Gene Munster, Piper Jaffray claimed, "Apple stock will hit $1,000 - but by 2014."
The company, based in Cupertino, California, is already supposed to be the most valuable company in the world currently valued at $590.82billion (£372billion). In January Apple shared that it had more than doubled its profits to $13.06billion, compared with $6billion for the same quarter in 2010. That was driven by record sales of 37.04m iPhones in the final quarter of 2011, 128 per cent up on the previous year. The company also sold a record 15.43m iPads over the quarter, more than double the number of a year ago.
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