If there's one company that will hit a trillion dollar market cap, it will be Apple, according to USA Today. Apple could do it in the next three years. USA Today came up with Apple's trillion dollar market cap based on its five-year geometric mean average increase of 59% a year. So given today's market value of about $310 billion, if Apple continues to increase in value by 59% each year, in 2014, we'll have the first trillion dollar company. How huge is that? The most valuable company ever was Microsoft in 2000. That year it hit a $604 billion market cap.
Read more here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment