Apple Could Become the Most Profitable Company Ever

[dgstorm]

It's no secret that Apple recently had the most profitable quarter of all tech companies. A new report came out from a financial analyst suggesting that Apple is on track to best that by becoming the most profitable company in the history of all publicly traded companies. Brian White, a Topeka Capital Markets analyst shared with his clients that he believes Apple is getting ready to record the most profitable year in history among publicly traded companies. White indicated a Buy rating on Apple stock, with a price target of $1,111. White's analysis lists the upcoming new iPhone with a 4-inch display in quarter 3, an “iPad mini†possibly coming in September and the potential for an Apple HDTV, as the primary factors that will drive this monster growth. Here's a quote from his analysis,

“In CY12, we believe Apple is poised to generate the highest annual net income of any publicly traded company ever. On average, we estimate Apple’s net income in CY12 will be over 6x higher than the three tech companies on an individual basis (when at a $500 billion market cap) or 1.9x the aggregate profit of these three companies combined. When including all five companies, we estimate Apple’s net income in CY12 will be 4x higher than the average.â€

What do you guys think? Are you tempted to rush out and invest some money in Apple stock?

Source: BGR

 

[Sonia ferdous]

It is really great achievement for them! Since Apple was straight and forceful from the very beginning. But another thing is I am sure that those who bought Apple stock years ago are very happy with this news.

 

[Forhad]

Yeah..Apple has shown it that Applecan not only completely turn things around, but can be up on top.