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Apple's Record Market Cap In FX, Inflation-Adjusted Context

To everyone who says AAPLs upside from here may be limited due to the law of large numbers or some such (as if the NSA will ever stop handing out free "student loans" to make sure it has voluntary tabs on everyone) oh how wrong you are.

As Carl Icahn, who just came out with his latest $216/share price target on AAPL (which does not fully explain instead of buying more here, in advance of his forecast stock doubling he is instead looking for more AAPL bondholders to indirectly buy his holdings) would remind you, history is replete with examples of publicly traded companies whose peak market cap, which when converted into USD and inflation adjusted, blow AAPL's meager $725 billion market cap out of the water.

So if the AAPL watch thing follows Google Glass right into the "wearable revolution" grace, and if iPhone users realize that for all the esthetic, the product is essentially a Applified Samsung product, it has three choices: it can try to monopolize Spanish-speaking nations in South America (or just capitalize on a debt bubble) , it can monopolize the French-speaking colonies in North America (and create another debt bubble), or like the

, it can just bet the farm on Tulips... er iTulips.