BLOOMBERG: The maker of the iPhone was valued at $700 billion after shares rose 0.8 percent to $119.59.
BLOOMBERG: The maker of the iPhone was valued at $700 billion after shares rose 0.8 percent to $119.59.
Confidence in Apple has been growing since the company unveiled larger-screened iPhones in September, followed by slimmer and faster iPads in October. Chief Executive Officer Tim Cook is updating Apple’s core products while also pushing users deeper into the company’s digital world with the introduction of a mobile payment system called Apple Pay and a smartwatch that’s slated for release next year.
“Given Apple’s significant portfolio refresh over the past three months, the lack of innovation from competitors and a constructive spending backdrop in the U.S. market, we believe Apple has opportunity to shine bright this holiday season,” Brian White, an analyst at Cantor Fitzgerald, said Nov. 24 in a note to investors.
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