On Friday, NASDAQ saw Apple’s stock appreciating again. During the last hour of the trading session, the price increased by 1.9% up to $646.72 per share. The price rally is said to rest upon the info that Apple has already started producing iPads with smaller dimensions. The new product is expected to come to the market in October, thus exceeding the sales and proceeds.
Obviously, tablet computers are getting more popular around the globe. In 2015, the sales of tablets are expected to exceed the sales of PCs. By the way, there are rumors that Apple is going to present Apple TV later this year.
Therefore, since early 2012, Apple’s stock appreciated by 57%, thus making the company’s market capitalization re-exceed $600bn. Few companies managed to reach this level - Microsoft, Intel, ExxonMobil, Cisco Systems, General Electric and some others.
The first time when Apple’s stock managed to exceed the price level of $600 per share was March 15th 2012. This is when iPad3 first came to retail stores.
The chart below, courtesy of , reflects the current state of affairs in the market of APPL.
Right after the price exceeded $600 per share, some analysts said the price might exceed $1000 per share by 2013. If this is the case, Apple’s capitalization will exceed $1 trillion. However, the last 6 months showed that the price is far from rocketing sky high. On May 17th, the price fell down to $ 495,7 per share.
As we can see, the price has managed to recover and keeps rallying on positive stats.
