HomeAppleApple Reaches $700 Billion Market Cap By Rafael L. Rego – Nov 26, 2014FacebookTwitter
Apple exceeds $700 billion market capitalization
Apple’s rise seems never to end, if a couple of days ago it closed on the stock market with an all-time high of $118.62 per share and a market capitalization of $695.7 trillion, it has only taken a couple of days for it to exceed the figure of $700 billion.
A great moment for the company
A little less than two weeks ago we told you how Apple had reached the largest market capitalization in its history, with its shares growing at $113.08 per share. One of the reasons for this growth and record of the company, had been the arrival of the iPhone 6 and 6 Plus.
We predicted that this good streak of Cupertino’s company will continue in the coming months , as the Christmas campaign is approaching and the Apple Watch will arrive early in 2015. Apple’s first watch could be a revolution.
It has even been said that iPhone 6 could affect retail sales this Christmas, since large sales of the smartphone are expected this Christmas and the money consumers will spend on the new model of the iPhone range will not be spent in other stores. We don’t know if this is an exaggeration or not, but the fact that the iPhone 6 and 6 Plus are going to sell a lot this Christmas is almost a fact, more than a fact.
But now the company has increased its market capitalization by more than $40 billion, surpassing the soon-to-be-noted $700 billion figure. According to the KGI analyst, Ming-Chi Kuo , predicted that Apple would sell 71.5 million iPhones during the 2014 holiday quarter and 21.5 million iPads in the same quarter.
Could the profits have been better?
Although the market capitalization figure is quite surprising, we wonder if the earnings could have been even better. We know that Steve Wozniak himself stated in an interview that the iPhone 6 and 6 Plus were three years overdue and that a more premature launch by the apple company would have made them more profitable.
Another relevant fact is that although Apple takes 86% of the mobile market gains, but the truth is that at least in the United States, the company lost market share in the third quarter of the year , with a fall of 3.3%.
Also the case of
In spite of all this, Apple has set a new historical milestone for the company, surpassing the 700 billion dollars in market capitalization, surpassing the very record the company set less than two weeks ago and as we said, there is still the Christmas campaign, which will increase that figure even more and as we have known thanks to 9to5Mac.
What do you think of Apple’s huge profits? Do you think the number will increase in the coming months? Leave your opinion in the comments.
ShareFacebookTwitterPrevious ArticleApples Buyer’s Guide: How to Choose the Perfect iPhone, iPad or MacNext ArticleScratchgate: iPhone 6 Users Complain that the Screen is Easily ScratchedRafael L. Regohttp:/www.ipadizate.esJugón from the heart, self-taught, author of Diary of a Gambler and editor at RetroManiac magazine. Now on iPad writing a little bit of everything. I invite you to follow me on Twitter.