Here's what you could buy with Apple's
$700 billion market cap
Naturally, the first thing any newly rich billionaire does is buy themselves a sports team, but which one? We started by looking at the Forbes list of the world's richest soccer clubs, and decided to buy all 20. After all, the combined value was just $20.95 billion -- pocket change for someone with Apple's market cap in their back pocket.
Next, we moved onto baseball, and picked up the 10 biggest baseball clubs, from the New York Yankees to the Chicago White Sox for a further $9.14 billion. Clearly, we're just not thinking ambitiously enough!
Buy a nice car???
Carl Icahn Values Apple At $1.3 Trillion
Investor Carl Icahn said the market is undervaluing Apple
and again urged the company to buy back more of its stock.
It’s been a huge week for Apple’s financials, as the company became the first in history to break $700 billion in market capitalization. But billionaire investor Carl Icahn says there’s a more realistic valuation that should bump up Apple’s stock price to value the company at $1.3 trillion.
As of this writing, Apple stock hovers around $125, the highest watermark in a trend of dramatic increase since its stock sold for under a dollar in April 2003. But in a letter to his Twitter followers, Icahn said a more realistic valuation would be 20 times
Apple’s earnings per share metric (instead of its current valuation of 10 times), and including Apple’s $178 billion in cash reserves, Apple’s stock price should be $216 per share. Ergo, Apple would
be valued at $1.3 trillion.
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