Apple has just closed with a market value surpassing $700 billion the first company ever in history to do so. The technology empire is now the first ever company to surpass such a milestone beating out the likes of Exxon Mobil, Microsoft, and Google. Recently disclosing their record breaking earning of $18 billion out of the $74 billion revenue they made silenced much of the press that forecasted Apple’s doom.
At the course Apple is going & with projected growth and product launches it isn’t inconceivable to think that they’ll be the first trillion dollar company.
To put things into perspective Apple as a company has the power to buy out its rival competitors such as Google or Samsung or for that matter both at their current market caps & still have billions left over. No big deal.
The bigger question going forward is their growth & future of the empire. With product launches such as the Apple Watch, future iPhone launches, and other avenues Apple may dive into can only lead to larger revenues. The question isn’t so much as what they’ll do from here but how high can the company go. Tim Cook Apple’s CEO recently made claims that they’re heading into their “biggest & boldest project ever.” with their recent investment into First Solar of $848 million to build a 1,300-acre farm of solar energy to power their all new HQ in California. This will lead to energy cost savings over time & ultimately money (not that they’re at loss of that).
Tim Cook recently went on to state in his interview at Goldman Sachs that he believe Apple can keep up their growth. More importantly that like Steve Jobs before him that Apple doesn’t believe in limiting themselves.
“We don’t believe in laws like the law of large numbers, Steve ingrained in us that putting limits on your thinking is never good.”
So whether its the Mac, iOS, or some other ecosystem Apple will focus on going forward we’re more than positive they’ll excel. Setting a new bar for competitors not just in the technology space but worldwide.
Thus begins the journey for the first ever trillion dollar company.