The richest company in the world just got richer. Shares for Apple set their new all-time high on Aug. 17, reaching a staggering $648.19, beating its previous record set this April.
Apple stocks had fallen short since May, largely due to the lack of new products or price cuts. However, anticipation of the launch of the new iPhone as well as rumors of a smaller iPad have lifted Apple stocks once again.
The iPhone 4 was the most sold phone of 2011, followed by the iPhone 3GS and the iPhone4S. The largely awaited iPhone 5 has already created lots of buzz online, with hundreds of rumors sprouting, yet none of them confirmed. Researchers predict that the iPhone 5 will set all new record sales and further Apple’s stock prices.
After the death of Steve Jobs, Apple’s founder, Apple stocks had fallen. However, it was clear that Apple was still able to launch brand new revolutionary technology without the help of its leader. With products such as iPhones and iPads still going strong in the market, Apple stocks continue to rise annually.
As Apple continues to rise to new heights and post new record sales and profits, faithful Apple consumers, new buyers, and even critics cannot deny the brilliance and revolutionary products Apple continues to create. From what was a failing business in its early years, Apple is now a company known worldwide.
Although Apple has become a huge market in itself, it has yet to break another milestone. If Apple shares reach $663.68, it will not only be the most valuable company in the world, but the most valuable company of all time, surpassing Microsoft. Microsoft had previously set the record on Dec. 30, 1999. Apple’s next move is relatively simple: create a new, innovative, revolutionary product and put it back on the shelves. The rest of the world will simply follow.
Good job! I feel like you should’ve addressed one of the main factors of the increase though– the Samsung/Apple lawsuit. Also give an impact to this, about why it’s important and why the readers should care. How is this directly going to affect the market? The economy? Of course you would need expert quote from this.