07/24/2007, 9:50am, EDT
Tuesday, July 24th
Apple first to hit $1 trillion market cap?
More importantly, these are foundations for profit on products Apple is only just releasing this year, including the iPhone, Apple TV, and Mac OS X Leopard. The iPhone in particular is predicted to mimic the dramatic popularity of the iPod, which went from three percent of Apple sales in 2004 to a current 40 percent, in tandem with music sales from the iTunes Store. Apple stock is expected to breach the $200 level this year, up from its current record levels. SeekingAlpha is thus recommending that investors buy into the company despite a high initial cost barrier.
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stock was about $90 according to the article, but he did make a good prediction.
Wish I had bought more at $13. LOTS more... :(
now, it's just psychologically hard to buy at these prices. even though it will continue to rise, and making money is making money.
rofl
I can see Apple and AT&T management doing the Texas Two Step on this one.
AT&T disappoints and Apple blows the doors off tomorrow.
Maybe they don't realize it because it isn't true. Prior to IBM's entry into the personal computer market in 1981, Apple enjoyed a major position, particularly in schools with its Apple ][. However, there was no company back then which enjoyed the position that IBM was later to assume Microsoft developed software for several operating systems including CP/M-80, TRS-DOS, and Apple's ProDOS and others.
The Macintosh never enjoyed a particularly strong position in education because for years Steve Jobs insisted that the Mac was a business machine. He continued to push models of the Apple ][ to schools well after the Mac was released. By the time, he saw the error of his ways, the IBM PC and clones had supplanted the Apple ][ as the biggest player in the education market. The Macintosh could not get it back.