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Analyst: Apple to hit trillion dollar market value

by Marvin Sum on Jul 25, 2007 at 08:41 PM

AAPL Stock Price

Does anyone believe Apple will be the first company to hit a trillion dollar value? Daedalus Capital president Stephen Coleman thinks so; the leading investor today claimed that “Apple is old enough and big enough to compete with any other company in the world.” Coupled with the company’s history of innovation and attention to detail, he believes it will happen within the next five years.

Now, I understand there have been numerous other (bogus?) claims of huge success by other analysts, but who wouldn’t like their favorite electronics company to succeed? Well, at least I do. Apple’s market cap is currently hovering at $116 billion, so there’s obviously a bit more work before hitting the trillion dollar mark. Perhaps it’s time to buy some AAPL stock.

Via [MacWorld UK]

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