Apple hits high of $700bn valuation after iPhone 6 success
Apple hit an all-time high valuation of $700m (£447bn) on Tuesday as a result of the successful launch of the iPhone 6 and 6 Plus in September.
iPhone 6 propels Apple to the $700bn mark
Speaking at the Reuters Global Investment Outlook Summit in New York, Michael Corcelli, head of the Alexander Alternative Capital, hinted the firm will hit the $1 trillion mark in 2015.
This comes as a result of the firm shipping 39.27 million smartphones in the fourth quarter, up from 33.79 million the year before. Furthermore, the firm expects to make more sales during the Christmas period than in the whole of 2010.
Once sales of the iPhone 6 start to stagnate next year, the firm will unleash the Apple Watch in spring, in a move which will likely ensure the company’s continued growth.
The Californian giant is $300bn more valuable than the world’s second most valuable company Exxon Mobile which currently sits at $409bn. Furthermore, in October, Apple was listed as the world’s most valuable brand, followed by Google and Coca-Cola.
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