Apple (NASDAQ AAPL) can do no wrong currently. The stock is currently reaping the success of iPhone 6 and looking forward to major releases in the coming months. Apple Pay is another major venture from Apple which looks very promising and is immensely popular among the Apple users. Apple watch is another heavily anticipated product which may take the market by storm. The stock has appropriately responded with the stock seeing an all time high of $120.
Here in this article, we will analyse the major reasons which have led to this all time high level of the Apple stock. Apart from the major product launches, we will also take a look at some of the major speculations which surrounds the Apple stock and why all the stock holders should have Apple as a major part of their portfolio.
Apple (NASDAQ AAPL) reached the $100 stock price around a month ago. Rather than levelling, the stock has actually not seen back since then. The stock has now reached the $120 levels which is a major achievement for the Cupertino based company. the stock is not looking to slow down as is relevant by its recent showings.
Apple Inc (NASDAQ AAPL): iPhone 6 Success
Apple has a staggering market capitalization, which is much more than the likes of Microsoft (NASDAQ MSFT) and Google (NASDAQ GOOG). Perhaps more importantly, Apple has a big earning share which is greater than most companies in this quarter. The stock is riding high on the success of its products and therefore it is rising at a great pace.
According to market speculations, Apple are well primed to topple Samsung in the smartphone market and the stock looks well positioned to do so in the coming months. Apple are also looking to bring in Apple Watch which should take the smart watch market by storm.
Apple Inc financial news (NASDAQ AAPL)
Apple is certainly the stock to invest in right now. Tim Cook is bringing in successful products repeatedly. The extent of innovation is staggering and therefore the stock should see an even better peak in the coming days.
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