Ummid Assistant

Samsung sets up fund for poor kids' education

US varsity offers doctorate for education professionals

Welcome Guest! You are here: Home Business & Economy

'Apple to become world's first $1 trillion company'

Sunday April 08, 2012 09:18:05 AM, IANS

London: Apple will become the world's first trillion-dollar company when its shares top $1,000 each, Wall Street analysts have predicted.

The technology giant's shares were worth $633.38 last week as its stock price rose above Google's for the first time, the Daily Mail reported Friday.

Brian White, of Topeka Capital Markets, then claimed Apple's sky-high share price will hit four figures within 12 months - making the company worth $1 trillion.

He said in his report: "Apple fever is spreading like a wildfire around the world."

Gene Munster, of Piper Jaffray, followed that up by claiming Apple stock will hit $1,000 - but by 2014.

The company, based in Cupertino, California, is already the most valuable company in the world currently valued at $590.82 billion, according to the newspaper.

Just a year ago the shares were changing hands at $341. In January, Apple revealed it had more than doubled its profits to $13.06 billion, compared with $6 billion for the same quarter in 2010.

Tim Cook, Apple's chief executive who took over from the late co-founder Steve Jobs, said: "We could have sold more if we'd had more supply. We could not be happier."

Apple's growth is expected to be driven by sales in China, where January's launch of the iPhone 4S triggered a near riot in Beijing, the Mail said.

Earlier this year Morgan Stanley analyst Katy Huberty predicted Apple could sell 40 million iPhones in China this year. Apple is also expected to move into the TV market after the launch of its set-top box Apple TV.

 




 

 

 

 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

i

 

 

 

Top Stories

Obama's secret message: Iran can have civilian n-programme

In a secret message sent through a foreign leader to Iran's supreme leader Ayatollah Ali Khamenei, US President Barack Obama hinted that Tehran can have a civilian nuclear program  

The Mahatma picks up the gun and shoots the dove

Critics of Iran should get rid of own nukes: Turkish PM

 

  Most Read

Zardari trip good but should fetch results: Analysts

Pakistan's President Asif Ali Zardari's visit to India to pray at the Sufi shrine at Ajmer Sharif is quite significant, said analysts in Pakistan and India who hoped that it will lead to  

Zardari: Cornered in Pakistan, to pray in India

Pakistan hopes Manmohan-Zardari talks will push peace

J-K parties hope Manmohan-Zardari talks will help ease travel norms

PM to hold pre-lunch talks with Zardari, all issues on table

'Qatar needs to ensure better protection of Indian workers'

The Indian diaspora in Qatar, constituting nearly one-third of the Gulf country's population, has called for better protection of their interests, especially of low paid workers, as Qatari Emir Sheikh Hamad  

Amir of Qatar to visit India, with gas sale, investment on agenda

 

  News Pick

'Dirty' Asian shops? Former Washington mayor under fire

A former Washington mayor's controversial remarks about Asian businesses running "dirty shops" in the US capital city have drawn fire from 35 local and national organisations, including South Asian Americans  

Caste considerations at play as Chandy mulls cabinet expansion

Kerala Chief Minister Oommen Chandy appears to be caught in a caste conundrum over the expansion of his cabinet. Politics in Kerala has always been dominated by caste and it becomes more aggressive whenever  

Asma Zoya shines in AIIMS entrance exams for MDS

In yet another excellent performance by Muslim students, Allahabad based Dr. Asma Zoya secured 7th rank at the All India Institute of Medical Sciences (AIIMS) entrance exams for MDS and 25th rank in the All India Post Graduate Dental Entrance Examination (AIPGD  

 

Picture of the Day

President Mrs Pratibha Devisingh Patil presenting the Padma Bhushan Award to Shabana Azmi, at an Investiture Ceremony-II, at Rashtrapati Bhavan, in New Delhi on April 04, 2012.

 

 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

Career

Education

     

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2010 Awaz Multimedia & Publications. All rights reserved.