by Michael Tarsala
It compares Apple’s product-driven rise to the throne in recent weeks to Microsoft’s rise to become the previous king of market caps back in December 1999, near the height of the tech industry’s heyday.
One additional conclusion from that data is that investors are very wide-eyed about Apple’s (AAPL) potentially slowing growth rates going forward.
The bigger a company gets, the more difficult it becomes to sustain strong double-digit earnings and growth rates. The annals of tech history are filled with large companies that became hindered by their own sheer size.
That may be one reason that Apple’s current multiple at 15.7 times earnings is not far higher.