Here’s a fun one. Back in 2014 I linked to a post by Jay Haynes in which he projected that with a very reasonable level of annual growth, Apple ought to reach a $3 trillion market cap within 10 years. At the time of his writing, Apple’s market cap was “just” $450 billion, and no company had hit the $1 trillion market. So projecting a $3 trillion valuation in 10 years was a bold prediction.
Apple hit $3 trillion in just 8 years.
Haynes’s original blog went belly-up, alas, but he republished the piece on Medium, with a bit of additional commentary up front, in 2016. Re-reading Haynes’s piece today, it holds up extremely well, including his case that the iPhone and iPad are almost textbook examples of Clayton Christensen’s disruption theory (yet Christensen himself got it wrong).
(Thanks to Nathan Peretic, longtime DF reader and owner of a perfect personal homepage, for prompting me to revisit this and award Haynes his well-earned Being Right Points.)
