Apple Market Capitalization Could hit $1 Trillion Mark, Say Investors

Discussion in 'Apple iPad News' started by RaduTyrsina, Nov 18, 2014.

  1. RaduTyrsina

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    Jun 22, 2012
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    Apple makes a lot of money and that's they main reason why it's such an attractive target for potential stock investors. And according to a recent story run by the Reuters publication, it could get even better than that.

    Steve Einhorn, a top executive at Leon Cooperman's $10 billion hedge fund Omega Advisors Inc., along with other investors, said that gains in shares of Apple Inc could take the world's largest publicly traded company to a market capitalization of $1 trillion.

    Speaking at the Reuters Global Investment Outlook Summit in New York, here are some of the most important things he mentioned:

    "It's an attractively priced, double-digit returner."
    "We own it, and we like it."
    "The company could reach the trillion-dollar mark, eventually"

    In a previous intervention, billionaire activist investor Carl Icahn, has urged the company to buy back more shares using its $133 billion cash pile, saying that the company remains undervalued:

    "Apple is one of the best companies I would say of the last few decades, It's like a no-brainer to buy your own stock back."

    Michael Corcelli, head of the Miami-based Alexander Alternative Capital also said that Apple's market capitalization could reach as high as $1 trillion next year:

    "Absolutely, without a doubt. "Right now Apple is the most obvious thing that has to go up,"

    Source: Reuters

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