What does the future look like for Apple?

In case you missed it,  Apple’s market capitalisation has now hit the $1trillion mark – something which is as mind boggling as it was inevitable. Everyone with a newswire, Twitter feed and website seems to have latched onto the milestone. You’d have thought they’d all successfully predicted this event on 1 April 1976, when the company was founded. But the question now is whether the valuation has made a fool of all of us?

According to Mike Ingram, Chief Market Strategist at WH Ireland, ‘In just over a decade Apple has transformed itself from a niche tech company for nerds to a global consumer goods powerhouse. While it currently deserves its status, there is the real possibility that Apple may be pipped by the next big thing.’

In many ways it was intuitive that the company now most famous for the iPhone won the race against its peers to hit such a mighty milestone.