Apple Passes $300B Market Cap, 2nd In the World 485
An anonymous reader writes "In May, Apple surpassed Microsoft in market capitalization to become the second largest company (by that measure) in the world. Today, with its shares riding high, Apple passed $300 billion in market cap, entering a club of two along with the still-gigantic ExxonMobile. And investors' targets could bring Apple beyond where Exxon is now (though Exxon continues to soar as well). Perhaps Wall Street is catching on that, despite the discontinuation of their underused Xserve, Apple is in fact becoming one of the key tech providers to enterprise, a position that even a year ago seemed laughable. If you consider the iPad to be a PC (which enterprise increasingly is), then suddenly you realize that Apple is expected to climb to 12% market share in 2011. Plus, of course, they have those little things called iPods, and iTunes..."
Re:Without dividends... (Score:1, Funny)
True, but Apple has nowhere to go but up. Apple is in a position of being absolutely unable to fail. They reach market saturation with one product line, they create another market. One can see this with the MP3 player market (complete ownership), smartphone market (complete ownership with Android and WP7 fighting for the left over scraps), and now the tablet market. There are still a lot of untapped markets, from home servers, to watches and jewelery, to car audio that Apple can make one product and immediately take the lion's share of the market.
Expect Apple to hit the trillion mark soon. With today's Apple, you don't need dividends; you are pretty much assured of an increasing value for the foreseeable future.
... and fanboys. (Score:5, Funny)
Especially fanboys.