Business valuations are almost always a tricky figure to pin down, but analysts at Trefis figure they have a pretty reliable one for the iPhone, in case Apple and Steve Jobs might be thinking of spinning it off as a separate company.
By Trefis’s numbers, which assume a 140%-of-market-cap valuation for Apple (AAPL) as a whole and iPhone as representing 53% of Apple’s business, then the iPhone business alone would be worth more than all but 10 companies in existence worldwide today.
Interestingly enough, at $209 billion, iPhone, Inc. would be worth just slightly less than the 10th largest company in the world, AT&T.
[CNNMoney]
