iPhone 5 release rumors make Apple the most valuable company. Apple has made a huge resurge in stock market making the company the world’s highest in market value. Surging stock market performance on Monday, August 20 has helped the Cupertino tech maker set a new world record of $624 billion. Breaking the record of $620.58 set by Microsoft in 1999, it is now the world’s highest mark. It looks that the hype regarding the new iPhone 5 has brought the huge market gain of the company, which has been undergoing a four-month dip. The rumors about a new, mini and cheaper iPad and an advanced Apple TV might also have stimulated investors.
With the new development, Apple is now unquestionably the world’s most valuable company. It is worth 54 percent more than the second place holder Exxon Mobil Corp. On Monday, Apple’s stock closed at an ever-time high of $665.15, which is up to $17.04 or 2.6 percent from the last week’s close. Anyway, what is notable here is that Apple could take over Microsoft in market capitalization. According to Standard & Poor’s, Microsoft touched the peak of $620.58 in 1999 in the early days of the Internet explosion.
Investors come back
Several investors shunned away from Apple stocks last summer following a slouch in iPhone sales. The slowdown in the sales of the flagship Apple smartphone was initiated by people’s waiting for the new iPhone. As of now, as per analysts, investors have come back in hope that the new iPhone, mini iPad and new TV may boost Apple’s market value. As consumers started to hold off for the new iPhone, investors lost interest in the company’s stocks.
“This time around, investors are a little bit smarter across the board … they don’t want to be caught not involved in the stock on this next iPhone launch,” says Scott Sutherland of Wedbush Morgan. Well, apart from the new iPhone, the rumored small iPad may also have a greater impact on Apple’s recent stock rush. Of course, the new affordable iPad will expand the number of customers who purchase an Apple tablet. The cheapest version of iPad is currently priced at $399, when Google’s Nexus 7 and Amazon Kindle Fire are available for just $199.
Apple iPhone 5 and iPad mini
It is time we are about to get the new version of iPhone. The tech maker is largely hoped to roll out the 2012 version of the handset in September. However, there is a huge round of rumors over the product, which is expected to have a complete overhaul over its predecessors. As per rumor mills, the new iPhone will be a complete rework from Apple. The company will produce the gadget with a goal to fight off the new line of Android phones.
A large display, powerful CPU plus RAM, iOS 6 with Apple Maps and a slim body are a few of many features rumored for the device, possibly named iPhone 5. Of course, it will bump up investors’ interest in Apple stocks. A completely new iPhone will possibly herald a new revolution in smartphone market. Remember, the company has not brought an overall design change for iPhone since its introduction in 2007.
A mini, small iPad is also as important in adding force for Apple stocks in market. For a long time, there has been the rumor that Apple is working on a smaller, cheaper version of iPad. The new device is also hoped to come out with the new iPhone next month. If rumors are true, the mini iPad will be a Google Nexus and Kindle Fire killer. It may have a 7.85-inch Retina display, quad core CPU and an affordable price. That is, we get a miniature of the 9.7-inch iPad, which dominates the world tablet market with a market share over 70 percent, as per estimates.
Indeed, the stock surge of Apple is a threat for Google and its Android product makers especially Samsung. The companies have been working hard to beat Apple products in market with a huge variety of smartphones and tablets. But, Apple may be able to take the impetus to bring forth many innovative products for the modern day customers.