John Paczkowski

Recent Posts by John Paczkowski

Apple Shares Hit $600; $1 Trillion Market Cap Seems Less Outrageous

Shares of Apple broke the $600 threshold for the first time on Thursday, a new milestone for the world’s most valuable company.

Driven upward by excitement for the new iPad, which launches tomorrow and has garnered a slew of rave reviews, Apple’s stock hit $600.01 in early morning trading before slipping back down. This comes just about a month after it broke past the $500 level for the first time.

A stunning rally. Apple’s stock is up about 47 percent for the year, and seems destined to continue its ascent. Analysts certainly seem to think so: Earlier this week, Morgan Stanley and Canaccord Genuity both lifted their price targets on AAPL to above $700.

At $600, Apple has about a $550 billion market cap. At $700, its market cap would be around $603 billion.

And at somewhere around $1,072? $1 trillion.

Which is certainly a long way off, but not implausible. But another 18 months of printing cash at the rate it has been, continued growth in China, Brazil and India, and a few more big product launches — the iPhone 5 and that rumored HDTV — will bring it closer.

Said Canaccord analyst T. Michael Walkley, “We believe Apple is well positioned for very strong C2012/13 sales and earnings growth driven by new product introductions, including the iPad announced last week, the pending refresh of MacBook Air, an LTE iPhone likely in Q3/C2012, and potentially Apple TV in H2/C2012.”


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December 30, 2013 at 6:49 am PT

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December 29, 2013 at 2:12 pm PT

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December 29, 2013 at 5:58 am PT

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December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik