Just this week, Apple, Inc . (NASDAQ: AAPL ) passed up Exxon Mobil (NYSE: XOM )
as the world's largest corporation. That is incredible for a company that
sells cell phones, computers and fancy walkmans. The company's recent earnings
just like all the others blew away estimates, and AAPL stock surged beyond
$400 per share. However, with the recent calamities in the global markets and
their impact on U.S. stocks, not to mention the U.S. debt downgrade by Standard
& Poor's, AAPL shares have taken a pretty good hit. But something that has
gotten little publicity is the fact that the company is now signed up with China
Mobile (NYSE: CHL ) to sell the iPhone to China Mobile's 600+ million
subscribers. That is a ton of people, not to mention the fact that 600 million
is about twice the size of the United States population in general, and having
access to this client base could be one of those catalysts that send the stock
to upwards of $500 within the year. Youll see in the chart below that AAPL has
been trading in a well-defined range since the beginning of March 2009:
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