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Nudist Senior Bikini Pageant. Junior Miss pageant at the woods.Apple’s stock today marked a record high
Courtesy of Apple
Just over a month ago, we outlined the reasons why we believed Apple might move from just average to above average next year. Specifically, we pointed to what we believed were real signs of getting better and the absence of any basic announcements that would have meant an abysmal 2013.
While we didn’t expect to see an all-time high stock price, we did expect that Apple’s market share would keep growing.
As it turns out, we were right — and not just about Apple’s continued growth, but about the fact that we hadn’t seen anything fundamental that would bring a halt to the trend.
Apple in January posted operating income of $11.6 billion, it has increased that to a record $18.6 billion in Q4 and is on track to achieve record revenue of $94 billion. Apple now has just under $12 billion in cash and marketable securities.
If this continues to accelerate, Apple could have more cash than the total value of all its outstanding debt by the end of 2015. The total value of Apple’s debt is just over $66 billion.
If Apple’s cash stockpile keeps growing, even if it has to continue to dump shares on the market to do so, there could come a time when not owning Apple stock is no longer a negative for investors.
The problem for Apple, as always, is competition.
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