Apple Inc (AAPL) Stock Surge Continues at $114; Record Market Cap Trigger Talks of Apple Reaching $1 Trillion

Apple Inc. stock reaching record-breaking heights has triggered talks of the Cupertino-based company on track to become a trillion-dollar corporation in the near future. The company has achieved another record when its market capitalization soared to $666.1 billion with a stock price of $112.82 per share based on recent analysts' reports.

Apple is now worth more than Russia's entire stock market as data compiled by Bloomberg showed the iPhone maker gained $147 billion to $652 billion. In contrast, Russia's equities fell $234 billion within the year. Apple, regarded as the world's most valuable company, continues to attract investors with its high brand value.

Russia's sanctions, political conflicts and economic risks may be scaring investors away, according to portfolio manager Vadim Bit-Avragim. He helps manage about $4 billion worth of investments in Moscow's Kapital Management LLC. He said Apple is working with shareholders to maximise investment returns in a country where the law protects property.

However, in Russia, Bit-Avragim explained that property laws are "not as good" as most of the state-operated companies exercise "poor corporate governance." He told Bloomberg that resources are normally concentrated in state hands. The portfolio manager said that when Russia gets involved in political conflicts, it can be difficult to convince international investors to put their money in the country.

Aside from Russia, Apple is also worth more than the stock markets of Singapore and Italy as the company's forecasts indicate another record-breaking holiday quarter with $155 billion in cash. JMP Security analyst Alex Gauna believes Apple's current sales performance may spark talks of the company reaching a market cap of $1 trillion. Several analysts also believe Apple's stock will continue to surge with increasing iPhone 6 and iPhone 6 Plus sales including a growing share in markets outside of the United States.

Meanwhile, Apple stock surged to a new high last Nov. 14 at $114.18 per share a day after the company distributed quarterly dividends worth $2.9 billion to shareholders. Since the beginning of 2014, analysts note that the company's stock price have increased 42.46 percent. With Apple Pay seeing success in major retailers like McDonald's, who reported Apple Pay as 50 percent of its mobile payments, company shareholders may have little to complain about.