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Apple Just Keeps Rising

posted in Advice | Aug 15, 2011 | 934 views

Even though Exxon Mobil regained the title as the worlds most valuable company last week, Apple briefly grabbed the number one spot.  The ranking is determined by stock market capitalization, or the total market value of all a companys outstanding shares.  After trading on August 9th, Apples market cap closed at $347 billion.  The tech colossus might take over the top spot again soon.In my opinion, the behemoth Apple will continue to grow as Smartphones become more popular.  Perhaps most significant is what this growth represents--the high-tech, digital world is becoming the giant of the global economy.  Just a mere 14 years ago, Apple sat on the brink of bankruptcy, with a record-low stock price and crippling financial losses.  Since then, Apple has made a strong resurgence, introducing MacBooks, iPods, iPhones, iTouches, iPads, the iTunes store, and Apple TV to the consumer technology market.  Indeed, Apple has found a niche as the worlds leading provider of consum...read more

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