OSAKA, Japan–(BUSINESS WIRE)–Tokai
Fuji Brokerage has commented on Apple Inc, as shares increased by
five percent last week, sending the market capitalization value back
towards the $1 trillion mark.
Researchers & Analysts from Tokai
Fuji Brokerage suggested that Apple’s recent quarterly report
suggested a much-needed upbeat forecast amidst falling iPhone sales.
Apple has been competing with Amazon.com and Microsoft Corp for the most
valuable U.S. company title, as all three companies have passed the
symbolic trillion-dollar mark.
The multinational technology company, Apple Inc. first broke through the
trillion-dollar valuation last year in August. However since then with a
weaker demand for its newest edition to its iPhone series and a lack of
growth in China forced the company to slip back under the valuation.
Researchers from Tokai
Fuji Brokerage did note especially on Wednesday that the company
ended its trading session 4.91% percent higher, translating its value
into $969 billion U.S. Dollars.
“We have seen that Apple has reported some key data that should show a
bullish projection over the next few months with client sentiment also
favouring the share price to rally” commented Michael Blackburn, Head of
Capital Markets at Tokai
Fuji Brokerage.
With the iPhone picking up pace in China due to the new upgraded device
and a new financing program, more sales are being recorded proposing a
better future in the Far East region. Many analysts have upgraded their
forecast projections for Apple in recent days.
About Tokai Fuji Brokerage – Headquartered in Osaka, Japan, Tokai Fuji
Brokerage was established in 2004, and ever since then, we have
assembled a robust and reputable reputation within the financial sector.
Tokai Fuji Brokerage currently boasts $7.63 billion US dollars of assets
under management. Over the last 15 years, we have performed millions of
financial transactions for our clientele.
Contacts
Francis Norio, Research Analyst
Tokai Fuji Brokerage, [email protected]
+81-6-4560-5407,
www.tfb-management.com
