Unfortunately not a lot of time to blog these days, lots of very exciting things to create and fix with inspirational Stores, lots of meetings with great people, and I even didn't find the time to complete my post on luxury brands and e-commerce.
Just want to drop a post on Apple which has today passed the $100bn market cap (and easily at that, $103bn at market close) ! That's a target I announced 9 months ago, I'm rather pleased I was this time right (unlike Whole Foods, sorry guys !).
When Steve took power back in 1998, company was worth around $5bn only, pulled down by a bunch of successive managers without charisma and vision. But Jobs is a visionary leader, he feels the kind of products which both appeal to masses and command a comfortable margin, and he put the company on the track of fantastic growth and even more fantastic profit.
Indeed, Apple's profit margin simply dwarfs everything else in the computer or consumer electronics field.
The growth story is far from finished. I bet the bold entry into the mobile phone market will be a very powerful sales and profit driver.
Morgan Stanley has set up a $150 price target for Apple in the coming 12 months.
Posted by: Patrick | May 31, 2007 at 10:51 PM