Daily Ticker 3rd of May 2011:
Apple recently blew past Microsoft, Cisco, and other companies to become the most valuable tech company in the world.Seeking Alpha, 2nd of April 2007:
But that's just the beginning, says investor James Altucher of Formula Capital.
Altucher thinks Apple will eventually be worth more than $1 trillion, maybe even $2-$3 trillion. Apple is currently worth about $320 billion, so $1 trillion would be a price of about $1,000 per share.
That is why Apple Inc. is going to deliver outstanding results this year and why the stock will hit $200 per share.Full disclosure: I also have about Apple shares, for a split adjusted $13, and I still own the shares.
I bought Apple on February 20, 2004 for a split-adjusted $11.19. I still own it. Today, at over $90, I consider the stock a screaming buy.
I truly believe that Apple will be the first company to achieve a market cap of one trillion dollars. That 12:1 from today's valuation. And, I believe that this will occur in the next five years.