James Altucher of Formula Capital, in an appearance on Yahoo's Daily Ticker, lays out his case that Apple will become the first $1 trillion rated company in history, and argues it should in fact already be there. Citing the company's long history of high growth rates and its ever-growing cash reserves, Altucher says that the company is only trading at around ten times earnings, and that known product plans for the near future -- like the iPad 3, the iPhone 5 and future Mac models -- will continue to drive large growth numbers for the foreseeable future.
