Apple Inc (AAPL) Hits $600 Mark Only 57 Days After Hitting $400

Apple Inc (AAPL) Hits $600 Mark Only 57 Days After Hitting $400

Apple Inc. (NASDAQ:AAPL) saw its share rise above $600 today as analyst continued to predict stronger returns for the company. Apple continues to rise in value even as it remains in the top spot as the NASDAQ’s most valuable company. The company’s stock price has increases dramatically year on year, and analysts think the company still has a long way to go. The high of 600 comes just one month after the company hit 500. That happened on the 13th of February last.

The company hit 600 at the very beginning of trading this morning before falling back down to the 590s. It is possible there will be a more consistent bout over 600 by the end of the day. If valued at $600 per share Apple’s (NASDAQ:AAPL) the company’s entire worth is $559 billion. This is the third highest valuation in history of a Publicly Traded company. The two larger ones were Microsoft and General Electric before the dot com bubble. Neither of those company’s have made it to that level,$600 billion, again. Analysts are confident that Apple’s price will go further than that, possibly making it the highest valued company in the history of the Market.

Last quarter Apple posted $13 billion dollars of a profit. This is regarded as one of the most profitable quarters by any company in history. The company is increasing in market share in the laptop and home PC market while continuing to rise in its grasp of the smartphone market. The company has utter dominance of the tablet market and unveils its new iPad this Friday to consumers. That product should strengthen the company’s tablet dominance and lead it to greater profits in the future. Morgan Stanley saidd yesterday that its analysis suggested Apple’s stock could reach to almosst $1000 in twelve months time, a number that would make them Historiy’s most valuable company.

source: valuewalk.com