Thanks to the iPhone release AAPL has recently surged from around $110/share to upwards of $130. This gives Apple Inc. a market value of $113bn, just $6bn behind the market cap of PC, server and printer giant Hewlett-Packard. AAPL currently has a Price to earnings ratio of 41.8, suggesting the price should now level off until the next earnings statement.
So, any takers on the date when Apple Inc. overtakes HP and starts climbing up towards the next milestone (IBM @ $159bn)?
So, any takers on the date when Apple Inc. overtakes HP and starts climbing up towards the next milestone (IBM @ $159bn)?