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(MoneyNewsWire.Net, April 20, 2015 ) London, UK -- Apple, famed for producing the likes of the iPhone and iPad is now included in the Dow Jones Industrial Index.
The Dow Jones Industrial Index serves as a stock market barometer in the United States, but despite its huge commercial success Apple had been excluded amid fears the index would have been distorted by the company's high stock price.
Explaining the decision to admit Apple to the Dow Jones chairman of the Index Committee Dave Blitzer insisted that as the largest corporation on the planet and as a technological leader it was the "clear choice to join the index."
The initial announcement led to a 2.2% in the Apple share price to $129.99 although this initial bump has now reversed.
Apple has a current market value of $736bn and joined the Dow at the end of trading on March 18th. The corporation replaces phone company AT&T, which half been included on the index for almost a century.
Apple's recent fortunes have been tied to those of its iPhone. The corporation launched the iPhone in 2007 and has subsequently enjoyed a 700% rise in shares.
The admission to the Dow comes after Apple produced the biggest quarterly profits in corporate history in the final quarter of 2014. The record breaking success came with the launch of the iPhone 6 and iPhone 6 Plus. Sales exceeded all expectations with 74.4 million phones sold, garnering $18bn.
The huge success of Apple has also been good news for its third party accessory market, itself now valued at over $10bn. A spokesperson for accessory company Boom Products, the company behind the acclaimed Shock-2 protective case line for the iPhone 6 & iPhone 6 Plus, commented, "At every turn Apple has had its doubters, not least at the introduction of what are now their biggest successes, from the iPod to the iPhone and the iPad, and especially when we lost Steve Jobs. I think Tim Cook has been outstanding. It is our supreme confidence in Apple that means we can build a business that is highly dependent on the success of their product line. The admission to the Dow Jones is only right." *
Apple's latest innovation, the Apple Watch, is expecting to take the share price to further heights and recently launched on February 24th in the U.S., Australia, Canada, China, France, Germany, Hong Kong, Japan, and the U.K.
About Boom Products
Delivering stylish solutions for an active lifestyle. From phone accessories to fitness solutions Boom strive for thoughtful products with emphatic design. The new Shock-2 case for iPhone 6 & Plus is now available in the UK & US exclusively from Amazon.
Boom Products
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media@findmyboom.com
Source: EmailWire.Com 
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