Quick Note: Apple Stock Surges Past $500/Share
February 13, 2012 10:09 AM
comment(s) - last by
"Hubba, hubba, hubba! Money, money, money! Who do you trust?"
(Source: Warner Bros. Pictures)
Apple is now worth more than Microsoft and Google combined
While Apple has been in the news lately for
allegations of unfair labor practices at its contracted manufacturing facilities in China
, that hasn't stopped the company from increasing value for its shareholders and sending it surging ahead in market capitalization.
crossed the $500/share mark for the first time in its history this morning. The stock has surged over 17 percent in the weeks following its
blowout fiscal Q1 2012 earnings report
. The company reported revenue of $46.33B USD and net profit of a whopping $13.06B. In addition, the company sold a record 37 million iPhones during the quarter.
Apple is currently ranked as the largest company in the world by market cap. In addition, Apple's market cap is currently more than both
Following Steve Jobs' resignation as CEO in August 2011, AAPL hit a [then]
all-time high of $411
pushing it ahead of Exxon Mobile as the world's largest company by market cap.
This article is over a month old, voting and posting comments is disabled
RE: Highly Overvalued
2/13/2012 6:14:34 PM
I know a bunch of companies that have issued tablets to their employees. Some were iPads. Some were Playbooks. My company uses Toshiba laptops and we're testing Thrive tablets now.
I think what you meant to say was "
are starting to show up in more business uses"
"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer
Activist Groups Protest Apple Stores in Name of Supplier Worker Treatment in China
February 9, 2012, 10:21 AM
Apple Has Another Blowout Quarter with $13B in Profit; Sells 37M iPhones, 15M iPads
January 24, 2012, 5:02 PM
Quick Note: Apple Stock Price Hits All-Time High
September 19, 2011, 3:11 PM
Quick Note: Moto X Gets Mad for the Month of March
March 7, 2014, 5:14 PM
Staples Closing 225 Stores Across North America
March 7, 2014, 1:24 PM
HP Launches $170, 8" Android Tablet
March 7, 2014, 8:09 AM
Sony Computer Entertainment America CEO Jack Tretton Stepping Down
March 6, 2014, 8:52 PM
Apple Won't Let UK Sons Unlock Their Deceased Mother's iPad
March 6, 2014, 12:44 PM
Benchmarks for NVIDIA Tegra K1 Hit the web
March 6, 2014, 8:57 AM
Most Popular Articles
Mt. Gox Bitcoin CEO Can't Stifle Grin as he Bows in Apology for Bankruptcy
February 28, 2014, 5:00 PM
Facebook Kills Popular Messenger App for PCs
March 1, 2014, 4:01 PM
Report: Microsoft Considering Offering Free “Windows 8.1 with Bing”
February 28, 2014, 10:21 AM
Two More Microsoft Executives Leaving the Company
March 3, 2014, 4:38 PM
USAF Moves Forward With Long Range Bomber Program Despite Budget Crunch
March 4, 2014, 9:44 AM
Latest Blog Posts
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
Is The Period Becoming an Expression of Anger?
Nov 26, 2013, 2:02 PM
NSA and Congress -- You Will Never Kill the Constitution, It's an Idea
Nov 10, 2013, 2:00 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information