Tuesday, February 28, 2012

Apple valued at > $500B soon?

A few weeks ago I predicted correctly that Apple would beat the $500 a share mark. Today I predict that their market cap will hit the $500B mark. At 932K total number of shares outstanding they'd need to grow less than 1% to hit that point (give and take four bucks, in fact). It's either gonna happen later today (despite the huge ride they already had since early this morning) following increased consumer confidence data announced earlier today, or definitely before this weekend. Unless Israel attacks Irani Nuclear installations in the meantime, and we start the roller coaster again...


UPDATE: Day just closed and this is Apple's market cap based on the closing price : $ 499,11B Ouch! Pretty close but not entirely. Maybe tomorrow...

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