Tags: Apple | 1 trillion | 2015 | value

NYT: Apple to Be a $1 Trillion Company by 2015

Monday, 24 Sep 2012 10:23 AM

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
Technology giant Apple will become a $1 trillion company on April 9, 2015, at around 11:00 a.m. if it keeps growing on its current path, The New York Times reports, citing analyses from statisticians and investors.

The company is currently valued at $656 billion, and more aggressive forecasters see Apple becoming the first firm to be valued at $1 trillion as early as Aug. 16, 2013, as more and more people around the world line up to buy computers, iPhones, iPads and other products yet to be released.

“It’s hard to imagine Apple growing any faster than it has grown on both the release of the iPad and iPhone,” said Michael Driscoll, CEO of data and predictive analytics firm Metamarkets and one of the people betting Apple will top $1 trillion in 2015, The Times added.

Editor's Note: See the Disturbing Charts: 50% Unemployment, 90% Stock Market Crash, 100% Inflation

Apple has grown from a niche PC company to a music and cell-phone giant on top of the raging success the company has seen with its computers, laptops and tablets.

“They are certainly a different kind of company,” said Walter Piecyk, a wireless research analyst at BTIG Research, according to The Times.

Other companies, however, have soared and fizzled, Piecyk warned.

“So was Nokia in the late ‘90s. No one thought they’d ever be challenged, and look at where they are today.”

Apple recently released its iPhone 5, the company’s wildly popular cell phone, with sales topping 5 million units and leaving shelves empty.

“While we have sold out of our initial supply, stores continue to receive iPhone 5 shipments regularly and customers can continue to order online and receive an estimated delivery date,” Apple Chief Executive Tim Cook said in a statement, according to Reuters.

Apple shares on Monday fell 1.3 percent to end at $690.79.

Editor's Note: See the Disturbing Charts: 50% Unemployment, 90% Stock Market Crash, 100% Inflation

© 2014 Moneynews. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Bob Doll: Brace for Goldilocks Economy - But Is it Just Right?

Wednesday, 26 Nov 2014 12:09 PM

Wage inflation may seem like a relic of the past. But veteran Wall Street prognosticator Bob Doll sees it ahead as one o . . .

El-Erian: 'When You Have Very Sharp Moves in Currency, Something Breaks'

Wednesday, 26 Nov 2014 11:53 AM

The dollar's upward surge may cause problems for stocks, says Mohamed El-Erian, chief economic adviser for Allianz. . . .

Consumer Confidence Declines From Seven-Year High on Jobs Outlook

Wednesday, 26 Nov 2014 10:43 AM

Consumer confidence unexpectedly declined in November from a seven-year high as Americans became less upbeat about the e . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved