Apple Inc. (NASDAQ: AAPL) may have been hitting new all-time highs ahead of next week’s quarterly earnings report and its price target from analysts may have crept higher as well. There is a new milestone, one which very few outfits have ever achieved even going back to the days of excessive valuations and the bubble days. Apple has now hit the $400 billion mark as far as its market capitalization rate. Apple’s new all-time high as of this morning was $$431.32 amd the $429.50 price today currently generates a market capitalization rate of close to $399.5 billion. The consensus price target (mean target) from Thomson Reuters is listed today as being $511.68. If that $511+ price target objective is ever hit (or when it is hit for the bulls) then Apple will have an implied market cap of $476 billion. NOt many companies have achieved this and it is important to realize that later this year Apple will have over $100 billion in cash on hand if it does not conduct a large dividend, share buyback, nor make a large acquisition.
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