In a program on Fox Business, Fort Pitt Capital Group V.P. Kim Forrest, Athena Advisor Services Senior V.P. Dan Stecich and FBN’s Cheryl Casone talked about Apple Inc. (NASDAQ:AAPL)’s new all-time highs and surge in market cap. They also discussed the future and market strategy of UPS. Apple is continuing to garner a perfect position in the market. Its market cap has soared to $669.7 billion. Analysts are already predicting that Apple Inc. (NASDAQ:AAPL) is potentially the first trillion dollar market cap company. On Friday, Apple closed at $114 price per share. The source said that Apple Inc. (NASDAQ:AAPL) is 2/3rd of its way of becoming a trillion dollar company. United Parcel Service, Inc. (NYSE:UPS) on the other hand has claimed that it will get record high shipments this holiday season.
Dan Stecich said that Apple Inc. (NASDAQ:AAPL) is managing things pretty well. There is no possibility that analysts will distance themselves from this stock anytime soon. Holiday season is coming up and Apple is all beefed up to pile up more cash and revenue. The stock has a lot of opportunities for every shareholder.
Kim Forrest didn’t look much optimistic about Apple Inc. (NASDAQ:AAPL). She said that although Apple has a lot more cash, its overall market share is dwindling around the world. Chinese tech giant Xiaomi has crushed Apple in China. The world is now teeming with cheap alternatives for Apple’s iPhones.
United Parcel Service, Inc. (NYSE:UPS) has claimed that it is going to get huge milestones not only this holiday season but also in the next 5 year span. Forrest said that UPS mainly will get a surge because many people tend to buy things that are not available in the local stores; for example, beauty products, detergents, different kinds of foods. Casone said that weather can be a key aspect in determining the performance of United Parcel Service, Inc. (NYSE:UPS) as last year, United Parcel Service, Inc. (NYSE:UPS) got perforated by the criticism from many angry customers for late deliveries.
Apple’s iPhone is one of the top selling smartphones of 2014. Carl Icahn‘s Icahn Capital hold around 52.8 million shares of Apple Inc. (NASDAQ:AAPL). Jim Simons‘s Renaissance Technologies is one of the shareholders of United Parcel Service, Inc. (NYSE:UPS), having approximately 2.4 million shares of the company.