The idea that Apple could go on to become the first trillion-dollar company seems closer than ever, with market analysts predicting that the Cupertino based tech giant might earn record profits this year, the highest ever by any publicly traded company in history.

In a note to investors on Monday, Brain White of Topeka Capital Markets said that he has heard analysts and market pundits over the last several weeks discuss the point of $500 billion market cap as a barrier to further price upside at companies in the past. Some of the analysts and pundits believe that companies that exceed $500 billion in market capitalization have trouble growing much beyond that $500 billion mark and fear that a similar scenario could prevent Apple from going much further past the $500 billion mark. As of Monday morning, Apple was positioned at the $545 billion mark. White believes that Apple’s market…

View original post 381 more words


Leave a comment

Filed under General

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s