We previously discussed how Sprint would take us to an LTE world, virtually assuring that the next iPhone would have to have LTE and then we discussed how Apple would get there given that LTE chips are so power hungry. What I did not anticipate was just how important LTE is until a bunch of Wall Street guys started pricing Apple at $1000 or so a share and calling it a trillion-dollar company.
Crazy? I guess. As of this moment, Apple is priced at around $630 with a market value of $580 billion. And I suppose given how strongly the iPhone is perform against WiMax and LTE devices, with a major of smartphone sales at AT&T and Sprint being iPhones and about 50% of all Verizon Wireless sales, it definitely would be scary when Apple puts LTE on the iconic device.
Scary for competitors that is. And who knows just what other new features Apple will offer.
In the past, I've blasted Wall Street guys for being clueless and spreading rumors based on Apple rumor sites. But when it comes to valuation, some have been more right than others. Some of the forward numbers they've placed on Apple are achievable. $700 or $800 a share. Probably.
I just don't want us to get ahead of ourselves on the $1000 a share value or Apple becoming the first trillion-dollar company. Trust me when I say that a trillion today is not like a trillion a decade back.
Let's get serious. $1.5 To $2 trillion. Now we're talking. And there's a path for Apple to get there.