Apple continues its meteoric rise in terms of fame, wealth and popularity. The company has smashed quite a few records in terms of sales, revenue and profits. And now, according to an analyst, Apple’s annual profits will rake in so high that it will be the highest annual profits ever made by a public company!!
Apple has proved nearly all the optimistic predictions of the analysts in the past. It continues to multiple its profits each year and apparently, has absolutely no signs of decline.
The recent release of new iPad bolstered the company’s sales and profits. And now, Apple is all set to launch its new iPhone. Brian White of Topeka Capital Markets is very optimistic regarding Apple’s finances in the coming days.
He first pegged the possible value of Apple’s share a t $1001 back in April and eventually raised it even further to $1111. And this, he expects, to happen ‘over the next year.’ This would essentially mean that Apple’s stock would be doubled within a year!
White is now back with more of his analysis regarding Apple. This time, he has drawn on the details revealed by Boy Genius Report regarding Apple’s revenues. And in light of that, he has made rather ambitious statement that during the year 2012, Apple is going “to generate the highest annual net income of any publicly traded company ever.”
White seems well aware of the implications of such a possible development. He further says, “Investors should think of Apple’s market cap potential in terms of trillions, not billions.”
Source: Barrons
Courtesy: CNET
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