Apple (Photo : Reuters)
Apple shares closed on Monday at 2.71 percent at $133 per share, setting a new record high in its history and reaching a market cap of $775 billion. The iPhone giant's stock is a split adjusted high since the stock topped $705 in 2012 previously the company's 7 for 1 split last year which means a regulated high of around $100.72.
Apple's stocks started to increase in the pre-market trading today just after the company revealed its plans of a $1.9 billion advantage to create and operate two data centers in the European lands, according to The Street.
Apple Company's market value stood at about $774.69 billion, which means that the company is worth more than double its value as any other US publicly traded company. Exxon Mobil is the second largest public American company which has a market cap of around $377 billion, CNBC reported.
The tech company's office and facilities will be powered by 100 percent renewable energy which is currently found in County Galway in Ireland and Denmark's central Jutland. Both facilities will be providing power to Apple's online services for the iPhone manufacturers for the European market.
Tim Cook, Apple's CEO, presented at the Gold Sachs Technology and Internet Conference on Feb. 10, has increased Goldman's conviction on Apple's platform plans especially on Apple Play, the upcoming Apple iWatch, and the believed forthcoming iPhone smart phones growth.
According to Apple analysts, these factors and a powerful near-term catalyst will lead us to empower our estimates and price target. The scenario that the analysts reflect the outlook, nevertheless the risk-reward has become somewhat less favorable.
