Apple Inc this week has become the first company to achieve a market value of $700 billion for its share resetting the trends in the tech industry, making apple the ultimatetech icon now that it has hit this huge milestone. The shares of apple rose 1% in morning trade to $119.75 at 1525 GMT, making its market capitalization $701.7 billion. The shares were fluctuating in a constricted range later.

The iPhone and iPad manufacturer has now become the world’s most valuable company in terms of valuation of a company stock value, following the league are Exxon Mobil at $403 billion and Microsoft at $394 billion.

Apple has evolved from being a mere computer maker for a niche market into the world’s mostvaluable company which all started with the invention of iPhone and a whole other collection of mind boggling innovative products, one might say. Yet Apple’s implacable focus on design has ensured that Apple had a place reserved for its products in the prerogative layer of the smartphone market.

It would appear that this accomplishment for Apple could be a direct result of the iPhone 6 and 6 Plus success which seems to have brought Apple into the world of larger-screen smartphones finally. This has wiped off the competitive edge enjoyed by Samsung and the other Android-based phone manufacturers. Results for the quarter ended in September have revealed that with the initial launch of the iPhone 6, Unit sales of iPhones have shown a magnificent rise of 16% year over year, while Samsung’s smartphone shipments have declined by 8% in the same period, sources reveal.

And that is not everything; Let us not forget that Apple has recently launched its all new mobile payment system that allows its users to purchase products from certain merchants at the tap of their iPhone. The much awaited Apple’s smartwatch is in line for its release as well in 2015.

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Apple market value reaches $700 billion

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Apple Inc this week has become the first company to achieve a market value of $700 billion for its share resetting the trends in the tech industry, making apple the ultimatetech icon now that it has hit this huge milestone. The shares of apple rose 1% in morning trade to $119.75 at 1525 GMT, making its market capitalization $701.7 billion. The shares were fluctuating in a constricted range later.

The iPhone and iPad manufacturer has now become the world’s most valuable company in terms of valuation of a company stock value, following the league are Exxon Mobil at $403 billion and Microsoft at $394 billion.

Apple has evolved from being a mere computer maker for a niche market into the world’s mostvaluable company which all started with the invention of iPhone and a whole other collection of mind boggling innovative products, one might say. Yet Apple’s implacable focus on design has ensured that Apple had a place reserved for its products in the prerogative layer of the smartphone market.

It would appear that this accomplishment for Apple could be a direct result of the iPhone 6 and 6 Plus success which seems to have brought Apple into the world of larger-screen smartphones finally. This has wiped off the competitive edge enjoyed by Samsung and the other Android-based phone manufacturers. Results for the quarter ended in September have revealed that with the initial launch of the iPhone 6, Unit sales of iPhones have shown a magnificent rise of 16% year over year, while Samsung’s smartphone shipments have declined by 8% in the same period, sources reveal.

And that is not everything; Let us not forget that Apple has recently launched its all new mobile payment system that allows its users to purchase products from certain merchants at the tap of their iPhone. The much awaited Apple’s smartwatch is in line for its release as well in 2015.

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