We're extrapolating market capitalization into the future within a model. If we applied a similar model for the rest of the top 25 corporations by market cap on the S&P 500, we probably find that the iphone won't be worth more than all but 8 companies. This is given the model is accurate, and the pricing method is accurate of the iphone is accurate.
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[ 2.8 ms ] story [ 15.6 ms ] threadI can't figure out where they came up with the $391B market cap number, much less why they came up with that estimate?
It's certainly not based on the current stock value.
www.trefis.com/company#/AAPL
looks like a sell-side research house