Reuters: Could Apple be worth $1 trillion?

Apple passed Exxon today to become the most valuable company on earth.  The excitemnt only lasted a few hours until the market rally at the end of the day put Exxon back on top, however.  But, that didn’t stop people wondering: What’s next for Apple?

Enter Robert Cyran, Columnist for Reuters, who doesn’t understand why Apple isn’t headed straight towards being the first $1Trillion company.

Apple’s sales have been surging 80 percent a year, and its profit faster. What’s more, it trades roughly in line with the growing stock market — and at less than half the price-to-earnings multiple it fetched in 2006, when revenue growth was much slower. Apple now trades at about 11 times estimated earnings for the fiscal year ending September 2012. The Standard & Poor’s 500-stock index is valued at about 10 times next year’s profit. But Apple’s sales growth is nearly 10 times faster than that of the average company. Apple also holds $76 billion of cash and investments.

So, what’s the deal? Apple, if put on the same P/E multiple it traded on in 2006, would be worth $900 billion.

And who has brighter prospects than Apple right now? Read more

Second AT&T iPad hacker indicted

Reuters is reporting that the second hacker has been indicted in the case of personal data being copied from AT&T iPad infrastructure. Earlier this year, the two hackers breached AT&T’s servers and received 120,000 iPad users’ personal data.  They then reported that data to a media outlet who embarrassed AT&T.  Two weeks ago, the first hacker, Daniel Spitler, plead guilty last week and could wind up testifying against his accomplice to reduce his sentence.

The hacker indicted today, Andrew Auernheimer, is being charged with one count of conspiracy to gain unauthorized access to computers and one count of identity theft.

Andrew Auernheimer was charged by a Newark, New Jersey grand jury with one count of conspiracy to gain unauthorized access to computers and one count of identity theft, the office of U.S. Attorney Paul Fishman in New Jersey said.

Auernheimer is free on bail, while his partner Spitler is waiting sentencing September 28th. Spitler could face 12 to 18 months in prison.  Read more

Brazilian iPad production begins in late August or early September

Originally planned for late July, the Brazilian Minister of Science and Technology, Aloizio Mercadante told Globo that iPad production would being in Brazil later this Fall at Foxconn’s new plant outside of São Paulo. Roughly machine translated:

“The handle access to the company, which would be used to drain the production plant in Jundiaí (SP), was not ready in time, due to construction delays.In addition, there is a shortage of skilled labor in the country.The company has hired 175 engineers, who had to send them to China where they are doing stage.The company, however, need more than 200 engineers to the sector, “said the minister.

One reason for the additional factories? A 40% reduction in consumer costs, according to the post.  Not because the iPad is cheaper to make (though it could be) but the government won’t levy taxes on domestically produced products.

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iPad 2.0 cameras reaffirmed, who are the iPad users?

COMPUTERWORLD: Fresh research from the Reynolds Journalism Institute (RJI) offers us a few insights into the behavior of iPad users, suggesting the device may well diminish newspaper print sales in future. Overnight reports also confirm weve been on track with our predictions for the iPad 2.0, which, it appears, will indeed host cameras front and rear.

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