Posts Tagged ‘market cap’

Will Apple Hit $400?

May 28th, 2010

Apple

As of today, Apple is valued at $234 billion. It is now official that Apple has larger market capitalization than Microsoft, which is at $226 billion. How high can Apple go? Will it hit $400 in the near future, as predicted by Morgan Stanley?

Personally, we can hardly imagine that Apple will hit $400 in the near future. The largest company is now Exxon Mobil with market cap of $284 billion. Should Apple hit $400, their market cap would be almost $400 billion. It would be much 1.5 larger than today’s Exxon Mobil, 2.5 times larger than today’s Johnson and Johnson, and 5 times larger than today’s McDonald.

Will it happen? We don’t know. However, we think that Apple won’t hit $400 in the near future based on market cap. Will Steve Jobs be able to turn $200 billion company into $400 billion company in the next 1 – 2 years?

Let’s wait and see…. :)

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