Apple Inc. has a market cap of $1 trillion .. wow. Once, there was Exxon, General Electric, IBM and Microsoft, at the top of the heap, but Apple made it to $1 trillion first. (PetroChina briefly hit $1 trillion in 2007 on the Shanghai Stock Exchange, only to plummet to less than $260 billion by the end of 2008. According to Bloomberg, this represents the largest destruction of shareholder wealth in world history).
So we will see what happens. China is a huge market for iPhones, but a risky one. And will Americans be willing to shell out ever more for a new iPhone? Another thought: Maybe – 30 years from now – a company that builds fusion reactors (that produce 100% clean & cheap energy), will be the world’s most valuable.
