Like a runaway train, shares of Apple continue to gain ground on Wall Street, regularly trading at or above previous record all-time highs during the last few weeks.

Today, however, investors have yet another reason for jubilation. Apple's market cap has just set a new record. Now at $659 billion, Apple's market cap is an unprecedented corporate feat of immense magnitude that will likely serve to drive shares higher in the months ahead (along with expected strong holiday-driven iDevice sales).

"Buoyed by strong iPhone sales and sterling fourth-quarter financial results, the Cupertino-based company eclipsed its previous market capitalization record of roughly $658 billion, set in September 2012," says Julia Love of SiliconBeat. "Apple’s stock also closed at a record price of $111.25 on Wednesday."

And shares are moving even higher Thursday, not only as a result of Apple's latest Wall Street triumph, but on the heels of news that iPhone 6 demand is stronger than anticipated and Apple Watch production is moving ahead on schedule (if not ahead of schedule). In short, just about everything is going right for Apple. And Wall Street knows it.

Source: SilconBeat