
The market appears to anticipate rapid growth from Apple.
24/7 Wall St. forecasts the publicly traded U.S. companies that will have the highest profits in the year ahead every January. For 2012, Apple is likely to pass Exxon Mobil as the most profitable corporation in the Fortune 500. It already passed the oil giant in market capitalization for a while last year. The market appears to anticipate rapid growth from Apple comparable to that of the past two years. The stock has reached several all-time highs recently and now trades around $425, up nearly 25 percent in the past year.
Continue reading… “U.S. companies that will be the most profitable in 2012”