Apple Inc. (NASDAQ:AAPL) has nearly reached the $700 milestone in stock share price! As we have watched the market today, Apple Inc. (NASDAQ:AAPL) has crept up the ladder towards $700 per share, reaching above $696. The tech giant has steadily gained ground in share price over the last few months, and the launch of iPhone 5 earlier this week, has only served as another catalyst to boost price.
Apple Inc. (NASDAQ:AAPL) has dominated the smartphone market almost since the day it launched its first iPhone in 2007, and it has been a major player in other aspects of the tech market a well. Its iPad tablet computer line caters to high end tablet users, and is now very popular among executives as a means to carry their work with them, wherever they go.
We have reported on the ability of Apple Inc. (NASDAQ:AAPL) to persuade the market in the tech sector, through its awesome power in marketing its products. The tech sector boom of late, has been largely due to Apple Inc. (NASDAQ:AAPL) recording record sales numbers worldwide.
Apple Inc. (NASDAQ:AAPL) has also made some very impressive marks on the legal community as it has won several patent lawsuit cases of late. The most notable one, perhaps, is the on in which it succesfully defeated its arch rival, Samsung Electronics Co., Ltd. (LON:BC94), in California. The case revolved around Apple Inc. (NASDAQ:AAPL) claiming that Samsung Electronics Co., Ltd. (LON:BC94) had infringed on patents with many of its products, and the jury seemed to agree with this accusation. It remains to be seen whether Samsung Electronics Co., Ltd. (LON:BC94) will be forced to stop selling the infringing products in the U.S. or not, but Apple Inc. (NASDAQ:AAPL) is definitely riding high in the wake of the suit.
Apple Inc. (NASDAQ:AAPL) stock has been given a price target of anywhere from $900 to $1000 per share by different analysts, and its close encounter with touching $700 today, only helps reinforce the belief that they will indeed reach this goal.