November 25th, Apple’s stock price reached $119.75. Meanwhile, the market value reached $702000000000, becoming the first company whose market value breaks through $700000000000. If  taking the inflation rate into account, Microsoft is the company who owns the highest market value because Microsoft’s market capitalization in 1999 reached $613000000000,which converted to the equivalent of $874000000000 in 2014. However, Apple’s Icahn Carl believes that Apple’s share price is still undervalued and its reasonable price should be $203 by 2015,which means that Apple’s market value will reach more than one billion dollars.

However, as far as I am concerned, there was none country or company in the history can get rid of the natural rules that when a thing reaches its extreme,it reverses its course.Since Jobs died 3 years ago , Apple has been speculation when will be the turning point to the boom-bust. From the perspective of the income structure of the third quarter, Apple’s dependence on the iPhone strengthens. In this way, if Apple do not no launch new and attractive iPhone product , Apple’s turning point probably not far away.