Apple CEO Tim Cook saved Apple Stock (and, some say, the whole U.S. stock market) today with a well-timed e-mail after this morning's stock market tumble, although it's possible he'll get in trouble with the U.S. Securities and Exchange Commission as a result. In other news, you may soon be able to get a seven-day charge out of your iPhone, but now the question is whether Apple will actually pick up the somewhat unconvential technology involved.
Apple stock has been positively soaring as of late, and recently the company pushed past a milestone $700 billion market valuation — a higher number than any U.S. company's ever reached in history. And yet today, almost like a runner tripping on an uneven sidewalk, it stumbled badly. Within the space of a minute, Apple's ridiculously valuable stock dropped a full 3 percent; by the afternoon, it was down by 6.8 percent.
Another day, another story about Apple breaking records for its market value. But this time, it's really, really impressive. Today the Cupertino company's market capitalization shot over $700 billion for the first time before slipping a bit in after-hours trading. The current share price stands at $119.65 at the time of writing, which translates into around $837 if Apple's stock split from earlier in the year is taken out of the equation.
We all know Apple is a valuable brand, but lately that value has started to reach some otherworldly heights. That especially rang true yesterday when Apple's market cap reached an all-time high of $663.2 billion, a number that's so up there that Bloomberg says it makes Apple worth more than the entire Russian stock market.
That was quick! Less than a week after MetroPCS shareholders approved a merger with T-Mobile USA, the companies have announced the deal is done and the combined company is already trading on the stock exchange.
Something tells us that Apple is headed for another boffo year in 2013, but first they have to endure the fickle nature of stockholders who lose confidence in the company with each new rumor of delays or any sign of trouble in Cupertino. Wednesday was a perfect example, with Apple's stock price dipping below $400 for the first time in nearly two and a half years. Is it a sign of the company "Applepocalypse," pre-quarterly earnings jitters or just business as usual? Only time will tell...
A recent Vanity Fair article focusing on "Microsoft's Lost Decade" has put Redmond's troubles in a very interesting light, noting that Apple's iPhone -- a product that didn't even exist until five years ago -- is now worth more than all of Microsoft's products put together.
Trying to make sense of the stock market can be thankless, daunting work. To the untrained eye, tickers are an undecipherable mix of letters and numbers--and even the best investing minds struggle to keep up with the constant ebbs and flows.
Wow! What a weekend for the new iPad, which Apple announced today moved three million units in 10 countries around the world. But new iPad owners aren’t the only ones happy today -- investors liked the sound of Cupertino’s new dividend and share repurchase plan announced early this morning, which is pushing the company ever higher. How high can they go? Is it possible for what goes up to actually stay up? These are questions we may never have the answers to -- but have a look at the news for Monday, March 19 and you be the judge.