Tim Cook, before an Alabama Academy of Honor ceremony at the state Capitol on Oct. 27, 2014.
Tim Cook is laughing all the way to the bank.
Apple is now worth more than $700 billion after its stock ticked up in early trading on Tuesday.
The company's value topped the mark thanks to a torrid 2014 run for its stock, which is up more than 49% in 2014, including a 7-for-1 split in June.
With Apple maintaining its position as one of the most popular hardware-makers in the world,analysts believe it could become the first first trillion-dollar company.
Apple shares were 0.9% higher in mid-morning trading on Tuesday, which technically put its market capitalization — the value of all its outstanding shares — just north of $701 billion.
Since Cook took over as CEO of the company in August 2011, Apple shares have more than doubled in value, up more than 135%.
Tags: Apple, BUSINESS, TIM COOK