“Given the company’s unbelievable innovation over the last few years, and the subsequent mountains of cash that it has earned as a result, the likely catalyst for the stock to eventually peak and decline will be Apple’s inability to continue to innovate at its current pace. … In the current environment, however, Apple is showing few signs of slowing down and could very easily make a run at becoming the most valuable company in history in both absolute and inflation-adjusted terms.”
Tag Archives: Markets
In Lessons Learned from Apple, Facebook, The Wall Street Journal’s Money & Investing editor Francesco Guerrera compares the two companies. Apple has recently become the largest-ever U.S. company while Facebook’s share price is almost half of what it was during its IPO last May.
“Despite its reputation for “irrational exuberance” and short-termism, the market appears remarkably cool and long-sighted in judging the prospects of two era-defining technology giants.”