Worth more than 500 billion dollars last spring

On December 2, AppleInsider, a technology blog, reported that, although Apple's shares were close to its highest point this year, with a market capitalisation of more than $500 billion trillion – as it did last spring, when analysts had expected Apple to double its market capitalisation very quickly.

Last April, investment firm Piper Jaffray analyst Gine Monster Gene Munster and Topkea Capital Market analyst Blaine White (Brian White) expected Apple's share price to rise to $1000 trillion, with a market value close to $1 trillion trillion mark. Apple's share price soared in September last spring, surpassing analysts ' expectations, reaching a peak of about $700 trillion at the end of the year.

Last August, Mr White noted that the rise in Apple's market capitalisation was particularly noteworthy because other companies, including Microsoft, Cisco and Intel, were the dominant market capitalisation of $500 billion trillion. Microsoft's share of the PC OS market has reached 90%, Intel's PC chip market share has reached 80%, and Cisco router market share has reached 70%. Unlike them, Apple's share of the PC market is only 4.7%, and smartphone market share is 64.4%. This shows that there is still considerable room for growth.

Mr White also noted that other companies with a market capitalisation of more than $500 billion trillion, including General Electric, Exxon Mobil, Cisco, Intel and Microsoft, were trading at more than 60 times times, compared with Apple's 10.7 times-fold earnings.

But after only 1 months, Apple's share price plunged, falling by more than 20% per cent at the end of the year, down 142 dollars. Apple's shares are still weak as investors focus on competition from the Android camp, and despite the high sales innovation, the IPhone 5 and the ipad mini have been successful.

Analysts and investors quickly changed their outlook for Apple, which fell sharply in 2013, and Apple's share price dipped below $400 in June, offering the possibility of a large stock buyback program. The 2013 crackdown on Apple's market capitalisation was a concern over innovation, growth and sustainable profitability, with Apple trading at more than $150 billion trillion, more than the highest market capitalisation in 2008.

When Apple's share price reached $700 last year, Google's share price reached a similar level. Since then, despite the price of Apple's roller coaster, Google's share price rose to 1060 U.S. dollars. At present, Apple (slightly more than 500 billion U.S. dollars) is far more than Google (354 billion U.S. dollars). If Apple's share price rose to Google's level in the past year, it would now be worth more than $950 billion trillion, close to what analysts had expected. Extending the time range to the past 5 years, Apple shares have risen nearly twice times as much as Google.

Another difference between Apple and Google is that Apple bought back $ billions of worth of shares this summer, with shares in circulation shrinking from 940 million shares last September to just under 900 million shares. Instead of buying back shares, Google has issued new offerings, Shares in circulation, which rose to more than 334 million shares from about 328 million shares last September, are valued at more than 5.8 billion dollars by the current share price, with Apple paying more than $10 a share over the past year, while Google has no dividend.

All in all, this seems to prove that analysts were right about the fundamentals of Apple's business early last year, but its impact on Apple's real share price has been delayed by several factors.