08/09/2011 12:45 pm ET | Updated Oct 09, 2011

Apple: The First $1 Trillion Company?

Could Apple be worth $1 trillion? It's conceivable. The $338 billion iPhone and iPad maker is now worth only $4 billion less than market leader Exxon Mobil. Yet its sales have been surging 80 percent a year, and profit faster. And Apple trades roughly in line with the growing U.S. market -- and at less than half the price-to-earnings multiple it fetched in 2006, when revenue growth was much slower.

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