Apple On Track To Break Trillion Dollar Valuation

Today Apple’s market value hit US $460 billion after their stock surged on Monday. If Apple shares continue to increase in value their market cap will reach $500 billion when prices hit $537 a share. At this time Apple’s growth could allow them to become the first company in history to reach a trillion dollar valuation. Another increase of $100 per share could push Apple to surpass Microsoft’s record of $650 billion set back in 2000. Currently the high analyst price target for Apple is $700, at that value per share Apple already easily surpasses Microsoft’s record. Its expected that with product initiatives like Apple TV, spearheaded by the late Steve Jobs could in fact prove to be another game changer for Apple. If the entertainment device and platform manages to catch on it could alongside iTunes, iPhone and iPad, rocket Apple shares ever higher in their record run.