Apple is worth a whole lot

On Tuesday, Apple became the first company ever to be valued at $700 billion, a number so big I can hardly process it.

As this post over on Fortune.com explains, that value was reached thanks to their share price reaching $122.02, which is then multiplied by the number of shares outstanding to reach total market capitalization. And that capitalization destroys even the companies who follow behind; The next highest market capitalization is Exxon/Mobil at $382 billion.

I don’t think anyone is too surprised about this, considering the astounding global success of the recent iPhone 6, which was so successful it caused a global slowdown in the sales of Android phones. Ever since Steve Jobs returned to the company in 1997, killed off the failing projects, and introduced the original iMac, the company has been a powerhouse.

So the obvious question in all of this is could the valuation of Apple ever actually hit $1 trillion? I would think it impossible, considering that’s still $300 billion away. However, they aren’t just an iPhone/iPad company, with the continued success of ApplePay along with the expected (but not guaranteed) success of the iWatch, so it could very well be possible. Oh, and of course there’s the consideration of what this guy thinks.

I gotta admit, it looks pretty sleek

I gotta admit, it looks pretty sleek

Going Up