Apple Inc. stocks crossed a record set in 2012 as investors look forward to the upcoming launches of new products including iPhones and iWatches.
The upcoming Apple products are giving strong indications that the tech giant may jump-start its revenue growth.
Apple’s rising levels at stock market clearly shows the optimistic approach of the investors. Analysts say this shows they are believing and buying into the strategies that were outlined by Tim Cook, the Chief Executive Officer of Apple.
Cook has been prodding over introduction of bigger and smarter iPhones and launching of other innovative Apple devices. Besides, he has been laying stress on giving more money back to stockholders in order to build trust.
Moreover, the top Apple leader has also vowed that the tech giant will also be entering a new product category in 2014. Apple is said to be coming up with smartwatches very soon. However, no more further details have been provided by the company so far. Apple has also remained silent on the prospect of a possible smartwatch or larger iPhones.
The stock price makes Apple, the most valuable company in the world. Its stock price is over 30 percent bigger than Exxon Mobil Corp., the second largest company by market capitalisation.
Apple’s biggest rival, Samsung’s stock declined 8.6 percent this year. Analysts consider the soaring competition with Apple over high-end smartphones and less expensive smartphone ranges offered by Chinese manufacturers like Xiaomi Corp. and Lenovo Group Ltd. are probably killing Samsung’s prospects.
“All my chips still on the table and in fact increased position over past year,” Apple’s activist investor Carl Icahn said in his Twitter post.
Icahn had earlier this year pushed the company to buy back more of its own stock. He owns 52.8 million shares in Apple worth USD 5.3 billion.
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