New York
THE iPhone keeps generating fabulous profits - and levitating share prices - for Apple. Those soaring share prices briefly pushed Apple's market value over US$900 billion last month. That was not simply another mind-boggling number. It marked a historic achievement.
After accounting for inflation, Apple became the most valuable publicly traded company of all time. Crossing the US$900 billion threshold also raised a question that has popped up periodically during Apple's flight into the stock market stratosphere: Will Apple become the first company to be worth US$1 trillion?
We cannot predict Apple's future. But with help from specialists at the University of Chicago, we can place Apple's...
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