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iPhones, ipods, ipads, and digital tunes have created the recipe for Apple to become the most valuable company by market cap in the coming months.
Apple's market value will rise to $480 billion over the next 12 months, surpassing Exxon as the most valuable company on earth, according to the updated price targets from analysts following the iPhone-maker's blockbuster earnings report this week.
The Steve Jobs-led tech giant could even see its market value climb above $600 billion, according to the most bullish forecast on Wall Street from Ticonderoga Securities. That would top Cisco's record market capitalization of more than $550 billion reached in 2000 at the height of the Internet bubble.
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