Apple Inc. (Nasdaq: AAPL) could become the first company in the world with a capitalization stock 1 - trillion, according to James Altucher, formula capital associated with hedge funds.
Apple comes to pass the milestone of $ 300 billion market cap, this ranking second only to Exxon-Mobil (NYSE: XOM) is valued at approximately $ 377 billion.
In an article published on BusinessInsider as well as on CNBC, Altucher believes that iPad sales total between $ 10 million and 12 million this year, against 7.5 million at the end of the last quarter, adding that Apple has about 40% gross margin on sales of iPad.
In addition, "iPad has margin 30 gross percentage on sales of the app and margin of 10% on sales of the song", he writes. "They sell apps up to 30 million dollars a day."
He considers sale of iPads Apple will likely soar in the coming years, perhaps up to 200 - million by 2013.
"Two - cent million iPads with a 30% margin (currently the margins on iPads are approximately 36 percent, but I guess they will go down) is approximately 30 billion in gross profits,"Estimates Altucher.""
Moreover, every application, assuming that the company sells applications of 100 million per day, on average, is approximately 30 cents.
"They get 30 percent margins on an application, or about 9 cents app," he noted. "It's 9 million in gross daily profits or approximately $ 3.5 billion per year in gross profit on sales of the JPA in 2013." Already we are at 35 billion in gross profit and that's not counting iPhone sales, iPod sales, sales of song (margin also about 10 cents per song), sales videos and of course, Mac sales.
Moreover, he adds, the iPhone will be available on Verizon, accelerate more sales.
Altucher proposed into 2013 if iPad and app sales represent approximately 40% of gross profits from Apple, total gross profits could be $ 80 billion (25 billion against now).
"Cash flow could be 75% (as it is today), or approximately 60 billion," he said. "" "". Slap a 20-fold multiple that and you have a market capitalization of $ 1.2 trillion. It is a price on the part of approximately $1,200 per 2013 ".
Altucher also alluded to the ubiquity of Apple products.
He sang that already in my house there is a Macbook Air. There are two iTouches, iPhone, two iPads and four or five iPod. I have 10 authorized computers already for iTunes across two accounts. Download apps at least once per day, much more if you add songs, TV shows and movies from the iTunes store. Within two weeks, before I leave on a trip to the India going to buy a Macbook Air 13 "to travel with, and I know that I will never return for HP notebooks, I used for almost 10 years." »
Apple shares are currently traded at about $331.60 per share, a P/E of approximately 21.9.
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