Apple Inc. (NASDAQ:AAPL) Crosses 700 Billion Valuation Mark; Aiming for Trillion and Beyond
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Apple Inc. (NASDAQ:AAPL) is on its way to become the first company to reach the trillion dollar mark and it has galloped over another hurdle, setting a benchmark of 700 billion dollars in terms of market capitalization. Shares of the grand tech maker rose by 0.8 percent to 119.59, shooting up its value to more than 700 billion. Apple Inc. (NASDAQ:AAPL) is the first company in U.S to reach this mark. Apple Inc. (NASDAQ:AAPL) has grown 1.7 times bigger than Exxon Mobile Corp, which is just behind Apple Inc (NASDAQ:AAPL) by market capitalization.
Apple Inc. (NASDAQ:AAPL) needs no introduction in the stock market. The confidence has been growing on part of investors, ever since Apple Inc. (NASDAQ:AAPL) unveiled its iPhone 6. The latest iPhone became the best selling and the most wanted iPhone of Apple’s smartphone history. Not only that, it became the most favorable smartphone in the market, fetching billions overnight for Apple. iPhone 6 sales were helped by Apple Inc (NASDAQ:AAPL) Pay, which is a strong attempt by Apple Inc. (NASDAQ:AAPL) to delve into mobile payment. Not only that, Apple Inc. (NASDAQ:AAPL) also introduced slimmer and faster iPads this fall.
The past couple of months have been quite happening for Apple Inc. (NASDAQ:AAPL) and everything has been going in the right direction. Sure, Apple Inc. (NASDAQ:AAPL) has faced obstruction such as dwindling sales of iPad and a controversy regarding cyber crime but that hasn’t stopped Apple’s progress in any way. In fact, Apple Inc. (NASDAQ:AAPL) looks stronger than ever. Apple’s immediate rival was Samsung, which has been pushed back because of waning sales. As far as Google is concerned, it’s not as big as Apple, although it’s inching closer.
Many veteran investors are arguing that Apple Inc. (NASDAQ:AAPL) is quite undervalued. Should it be traded at 203 dollar per share, Apple Inc. (NASDAQ:AAPL) will transcend the trillion mark within half a year or so. Apple Inc. (NASDAQ:AAPL) won’t certainly stop at 700 billion mark, there’s no number that’ll put an end to Apple’s progress. One more thing we shouldn’t forget that next year will be the arrival of Apple Inc. (NASDAQ:AAPL) Watch.
Apple Inc. (NASDAQ:AAPL) Watch is also likely to boost Apple’s finances, adding another category into Apple’s wide portfolio. Forecasts look good regarding Apple Inc. (NASDAQ:AAPL) Watch and the market is anticipating it eagerly because Apple Inc. (NASDAQ:AAPL) Watch will remedy all the mistakes that were previously made in this category by other companies that took an attempt at it. Technology stocks are already soaring, thanks to the accelerating economy these days.
All this is helping Apple’s situation and making it one of the most formidable companies on the market. Apple Inc. (NASDAQ:AAPL) has withstood the tests of time and fierce competition to make its name in the market. A company like Apple Inc. (NASDAQ:AAPL) won’t stop to celebrate even if it hits the trillion mark. Success knows no bounds and there are a lot of future prospects waiting for Apple. Sky is the limit for Apple, and Apple Inc. (NASDAQ:AAPL) is looking to pierce it.