How is Apple worth what they are worth?
Apple or anyone for that matter are valued at way more than they have tangible assets to justify their worth. Remember Enron or someone else who tried to buy blockbuster and even before they made a dollar from that merger or acquisition they were promising shareholders how much more money they are going to make in the future. Of course we know how that story ended.
To a laymen apple is hugely successful but how much of that trillion dollars is actually asset they have on hand?
Can someone give a condensed version on a companies worth and how they go about assessing their worth in the market?