Apple is now worth $700 billion, give or take a couple billion

 By 
Jason Abbruzzese
 on 
Apple is now worth $700 billion, give or take a couple billion
Tim Cook, before an Alabama Academy of Honor ceremony at the state Capitol on Oct. 27, 2014. Credit: Brynn Anderson

Tim Cook is laughing all the way to the bank.

Apple is now worth more than $700 billion after its stock ticked up in early trading on Tuesday.

The company's value topped the mark thanks to a torrid 2014 run for its stock, which is up more than 49% in 2014, including a 7-for-1 split in June.

[seealso slug=http://sale-online.click/2014/10/31/trent-reznor-apple-project/%5D%3C/p%3E%3Cp%3EWith Apple maintaining its position as one of the most popular hardware-makers in the world, analysts believe it could become the first first trillion-dollar company.

Apple shares were 0.9% higher in mid-morning trading on Tuesday, which technically put its market capitalization -- the value of all its outstanding shares -- just north of $701 billion.

Since Cook took over as CEO of the company in August 2011, Apple shares have more than doubled in value, up more than 135%.

[img src="http://media.ycharts.com/charts/73fe4c5fb1a37d8c4bb0bce41746bacf.png" caption="" credit="" alt="AAPL Chart"]AAPL data by YCharts

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