Apple has the potential to be the most valuable tech company ever: Fifth Third

Apple has the potential to be the most valuable tech company ever, said Ted Moore, a portfolio manager at Fifth Third Asset Management, in a Bloomberg TV interview.

Apple still has plenty of room to grow. The iPad and the iPhone haven't exhausted all their potential markets and the company is just entering the enterprise space.

Moreover, Apple captures significant value from its products; it does the hardware, software, and even designs the chips, said Moore.

When asked what would make him trim Fifth Third's 365,000-share Apple holding, especially in light of Steve Jobs' medical leave announcement, he answered the significant deterioration of momentum in Apple's business.

However, that's certainly not the case currently and probably will not be the case going forward because of the aforementioned reasons.

Indeed, Apple's latest quarterly earnings blew away Wall Street as profits surged 78 percent and sales soared 70 percent.