Apple Inc. (NASDAQ:AAPL) has come a long way over the years and went through its share of highs and lows through its journey. Today Apple is by far one of the leading hardware and tech companies in the market. It has come to a point where consumers start to search the web months before the actual launch for every detail they can get regarding Apple’s products. Same level of anticipation was shown for Apple’s latest iPhone 6 and 6 plus that came out only recently and now Apple watch is on its way.
Apple is on the verge of hitting its all time high and that will make it the most valuable company in the market. Apple over the years has managed to leave behind companies like Microsoft, Sony, and Exxon etc.
Apple’s biggest rivals in the technological market are Google’s line of Android phones and of course Samsung. However Google has the advantage of gaining revenues through its search engines. Apple is more of a tech gadgets company and has clearly defined sources of revenue.
According to analysts Apple’s constant growth record can be seen since 2009. The stock value of the company this year too has gone up consistently; iPhone 6’s release has also brought great results for the tech giant. Moreover the company is expected to post highly impressive figures for its holiday quarter as well.
However, not everyone sees eye to eye on the matter. A few analysts have a different view about Apple Inc.’s growth record. According to them Apple’s trouble spot is that it does not offer much beyond iPhone. These analysts believe that Apple products like Apple watch will not be able to boost the growth of the company to the levels that could take Apple to unparalleled heights.
Despite what people say and predict, Apple just keeps posting impressive figures and this time it is its market cap. The company’s market cap very recently hit the $700 billion mark, brining it closer to the $1 trillion club. The total market cap of the company has grown twice under Cook’s leadership who became in charge of the tech giant three years ago. This is a huge milestone for the current Apple Chief Executive, who was under the microscope for his innovative ideas and execution skills. Many are of the view that Cook cannot do what Jobs did at Apple; however the figures for the company are proving these claims wrong. But it won’t be wrong to say that Cook took over something that was already big and he did not have to face any major professional challenges apart from proving himself a worthy successor to Jobs.
The $700 B mark also becomes important due to the fact that Apple is the first ever S&P 500 company to have gone over this milestone. However when it comes to inflation-adjusted value Apple has to beat Microsoft’s 1999 record of $613 billion, which equals $874 billion in the year 2014.
However analysts are still apprehensive about Apple Inc.’s (NASDAQ:AAPL) future in terms of coming up with revolutionary products. So far iPhone is the star for the company and the watch has won a mixed reaction from tech experts.
