White, you may recall, is the Topeka Capital Markets analyst who in April boldly declared that Apple's stock would eventually be worth $1,001 a share. A few weeks later, he pushed that up to the singular price target of $1,111 "over the next year." That would amount to Apple's stock roughly doubling in value.
This morning, the supremely optimistic Mr. White has focused in on Apple's profits, in a tabulation relayed by Boy Genius Report. In a note to clients, White writes that, as he reckons it, Apple is on pace in calendar 2012 "to generate the highest annual net income of any publicly traded company ever." Ever!
Last month, Apple turned up in third place on Fortune's list of most profitable companies, just behind Chevron and several lengths in back of Exxon Mobile. More