There can be no doubt that Apple’s stock has performed tremendously well so far this year. Although the stock is currently down from it’s $600 annual high, the fact that the stock started the year out at $405 means that AAPL has risen nearly 50%. That’s huge.
Apple’s movement is so impressive, in fact, that Topeka Capital Markets analyst Brian White believes that Apple is on track to become the most profitable company ever this year, exhibiting greater growth and profit gains than any company in history.
BGR reports, quoting White:
“In CY12, we believe Apple is poised to generate the highest annual net income of any publicly traded company ever,” White wrote. “On average, we estimate Apple’s net income in CY12 will be over 6x higher than the three tech companies on an individual basis (when at a $500 billion market cap) or 1.9x the aggregate profit of these three companies combined. When including all five companies, we estimate Apple’s net income in CY12 will be 4x higher than the average.”
White bases his optimistic projections on the company’s upcoming release of OS X Mountain Lion next month, a and a possible iPad mini, Apple television, and new slightly taller iPhone coming later this year.
