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: ignorance is bliss?
2/13/2012 8:40:08 PM
My rating isn't even close to yours. When you have 8k posts it takes a LOT of votes either way to bring that average up. And obviously if I cared about ratings, I wouldn't bother being controversial.
Besides lets face it, I generate tons of page hits and discussions on a blog that would otherwise be frankly kind of boring. Any day now Brandon will send me that big check! Uhh right Brandon? We talked about this!
Go back to your little world where anything you say matters.
RE: ignorance is bliss?
2/13/2012 9:55:52 PM
Well, yeah, I actually bring technical knowledge to the discussion. It is amazing how little you know and yet you are completely unaware of it.
It's still cute how you throw "idiot" around all the time though, even to people who've never posted before. :3
"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
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