With all that excitement about the upcoming iPhone 6 release, Apple Inc. market value went beyond $600 billion, NASDAQ statistics suggest. The market can’t wait for the new iPhone sales to start. By the end of trades, the shares of Apple Inc. hit $100.58, thus, Apple’s cap soared to $602.74 billion. More to it, the price moved further up to reach the level of $101.09, breaking the September 2012 all-time high. It should be reminded that at the start of the year Apple’s top managers introduced a 7-for-1 stock split. So, in autumn 2012, the cost of one Apple share was $705, which makes $100.71 per one share in seven. The company’s analysts see two reasons for such a success. The first one consists in amazing last quarter’s results. According to the official data, Apple’s earnings for April-June grew by 6 percent to equal $7.75 million. The second reason is expectations of new products presentations, namely two iPhone models with large screens and smart clocks. Moreover, the stock split worked its magic making the corporation’s shares accessible to a bigger number of investors. Apple’s whopping market value keeps it the largest company in the world. Its main rival, Exxon Mobil, has a cap of $425.5 billion.
