CNBC: Apple Is Most Valuable Company on Earth: Analysts

daveswdavesw
Posted:
in iPhone edited January 2014
Analysts have had three weeks since Apple reported its best quarter ever to breakdown the results and the verdict is finally in: Apple should be the most valuable company on earth.



Since the Jan. 18 report where Apple said it sold a record 16 million iPhones last quarter and nearly doubled the sales of iPads, at least five firms have raised their 12-month forecast on the stock to an average price of $467, or a 32 percent increase from here. At that level, Apple?s market value would total $433.7 billion, flying past Exxon Mobil?s current market value of $423.2 billion.



http://www.cnbc.com/id/41473211

Comments

  • Reply 1 of 3
    tallest skiltallest skil Posts: 43,388member
    Replace IS with WILL BE. And this is even assuming Exxon-Mobil stays exactly the same while they've added almost $30 billion in just a few months.
  • Reply 2 of 3
    penchantedpenchanted Posts: 1,070member
    Given the run-up in oil prices, I think it will be a while before Apple passes Exxon's market cap.
  • Reply 3 of 3
    dr millmossdr millmoss Posts: 5,403member
    It would also take the markets throwing caution to the wind as far as AAPL is concerned, something they haven't been willing to do for some time.
Sign In or Register to comment.