Home / AMERICAN NEWS / Apple Peaks At $700 Billion Value Remaining Wealthiest Company

Apple Peaks At $700 Billion Value Remaining Wealthiest Company

CUPERTINO, California – Tim Cook’s leadership has continued to set Apple down the path that Steve Jobs helped blaze years ago. The electronics manufacturer has soared in value this past year, leading their net worth up to $700 Billion. This gives Apple a healthy lead over the 2nd most valuable company in the world. No other company has ever amassed a net worth anywhere close to what Apple has managed to do in a relatively short amount of time. Apple products still reign as some of the most sought after consumer electronics, and sales volumes have remained healthy for most of their offerings.

Apple Peaks At $700 Billion Value Remaining Wealthiest Company

Apple 700 Billion Value

Apple has launched ahead in their race against Exxon Mobil to become the world’s wealthiest company. (Image from Apple.com)

In 2013 the race for the wealthiest company was a close call between Apple and Exxon Mobil, but due in part to great Apple sales and also a declining price of oil the Cupertino-based company has squashed the competition. Exxon Mobil still hangs in the running with a net worth of roughly $400 Billion, but that is still a far cry from the $700 (and growing) figures that Apple currently sits at. With Q4 sales looking up for Apple, the shot at $1 Trillion may not be too far away.

Apple stocks are still expected to grow about another 10-15% in coming months, which would put them around the $800 Billion mark when that happens. While much of Apple’s wealth is raised though the sale of stocks, their sales figures give a secure backing to its value, unlike many of the hyper-inflated tech stocks that are still struggling to produce significant profits.

Apple still has some wearable electronics coming to market, but the certainty of that niche is still shaky at best. If Apple can manage to create demand where little has been so far, then their figures could exceed the predictions of many stock analysts.

Apple Peaks At $700 Billion Value Remaining Wealthiest Company.

About Steven Kenniff

Lives in Phoenix, AZ. Graduated from Arizona State University in 2005. Writes for American Live Wire, GM Roadster and Northstar Media

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