Love it or hate it, there is no longer disputing the fact that Apple (NASDAQ:AAPL) is the most valuable company in history. On Monday when Apple stock (AAPL) reached a market cap of $621.64 billion, history was made – no other company has ever reached that level of valuation.
So what’s driving this strong market cap? Strong sales projections for the iPhone 5 is one big part of the story, however there are other Apple products that are expected to be in the pipeline that are also driving the stock higher. A much anticipated iPad Mini could be announced along with the iPhone at Apple’s news conference on September 12th. Although some believe there is no market for the iPad Mini, I would argue that Kindle Fire has shown otherwise.
Back in 2010, Apple became the most valuable company in the U.S. when it’s market cap reached $346.74 billion, taking the thrown from Exxon Mobile. Oil and energy are huge here in the U.S., but apparently not as “huge” as the iPhone, iPad, and all things Apple.