Apple's market value tips over $700 billion

Apple's stocks soar to over $700 billion - almost double their closest competition.

@smithymayo
Published Tue, Nov 25 2014 8:01 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Apple has become the first company to jump over the $700 billion milestone, thanks to a rise in shares pushing them to this evaluation earlier today.

Apple's market value tips over $700 billion | TweakTown.com

Apple shares experienced an almost-one percent rise this morning in the US market, seeing them now valued at $119.75 and meaning their market capitalization was made equal to around $701.7 billion.

This marks a massive 48% rise in 2014, with constant improvement seen since April. Reportedly due to Apple claiming they will go to extra measures to boost their share price, they announced its first stock split in nine years - claiming it would buy back another $30 billion in stock. This coupled with a quarterly dividend raise has shown massive success for the tech giant.

Although providing a lacklustre performance in the tablet field, Apple has recently released their iPhone 6 and iPhone 6 Plus models which is one of the major reasons for the growth in market share and company valuation. They're now quoted to be the most valuable company by stock market value, with Exxon Mobil weighing in at $403 billion US and Microsoft sitting at $394 billion.

In further advancements for their company, Apple have released their 'Apple Pay' system - with third party companies looking to come on board to widen their reach.

NEWS SOURCE:

I'm a competitive gamer and was an eSports employee. Recent changes have seen me hang up the mouse and move over to the technology world, covering all news for TweakTown, ranging from gaming news to opinion articles and the latest tech releases. Expect to see a few different articles on international eSports news and competitive game releases, as well as audio and mobile device content.

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