Apple is poised to become the most valuable company

S&P 500 Largest Companies

Symbol	Company Name	Close on 5/26	% Chg. YTD	Mkt. Cap Value B$
XOM	Exxon Mobil	59.31	-13	278.6
AAPL	Apple	244.109	15.8	222.1
MSFT	Microsoft	25.01	-17.9	219.2
WMT	Wal-Mart Stores	50.02	-6.4	187.6
PG	Procter & Gamble	60.44	-0.3	174.1
GE	General Electric	16.01	5.8	170.9
JNJ	Johnson and Johnson	59.66	-7.4	164.5
IBM	IBM	123.23	-5.9	158
BAC	Bank of America	15.47	2.7	155.2
JPM	JPMorgan Chase	38.78	-6.9	154.3
GOOG	Google	475.47	-23.3	151.4
WFC	Wells Fargo	28.04	3.9	146
CVX	Chevron	71.55	-7.1	143.7
T	AT&T	24.13	-13.9	142.6
CSCO	Cisco Systems	22.89	-4.4	131.1

source: CNBC

Bottomline:
Apple surpassed Microsoft as the most valuable technology company. Apple is on a high growth drive. Apple's forward P/E is only 16.58, whereas the current P/E is 21.78. Analysts are estimating Apple's stock to rise to $303.11, with a high end estimate of $350. If Apple stock indeed breaks $350, Apple's marketcap will expand to $318.5B, higher than Exxon Mobile's marketcap of $284B, making it the most valuable company in USA (source: Yahoo Finance). With successful new innovations such as the iPad that will generate at least $5 billion in new business this year, and the impending launch of the new iPhone which will bring in more sales, Apple will accelerate the torrid growth throughout 2010. The stars are aligning for a perfect marketcap storm that Apple is going to cause, as analysts will ponder on whether to raise Apple's stock target price further to $400 come December. It's a matter of when, not a matter of if, that Apple will surpass Exxon Mobile. Bravo Apple!!

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About the author:
Sanjay Dalal is an innovator and entrepreneur with over fifteen years of leadership experience in Silicon Valley and High Tech companies. Dalal authored and launched the Innovation Faculty eBook and Definitive Guide on Creativity and Innovation in business in 2008, used by over 550 leading organizations and professionals all over the world including HP, Hallmark, Cleveland Clinic, Pepsi, EDS, and major universities. Dalal published over 200 articles in the last two years on the real-time state of innovation in business at this blog on Creativity and Innovation Driving Business, and introduced the Innovation Index in December 2006 that correlates business, innovation and stock performance. Dalal filed joint U.S. Patent on "Hands-On Labs" for delivering live, hands-on training over Web Meetings by simulating a training lab environment. Dalal has launched innovative products such as WebEx Training Center and WebEx Sales Center to market, and grown product line revenue to tens of million dollars in annual revenue. Dalal holds executive certification on Leading Management Teams from Cornell University, and is an engineering scholar graduate in Computer Engineering from The University of Texas at Austin. Dalal attended Arizona State University for graduate education in Computer Science.

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Originally published on Apple Innovation Blog