Apple's value surpasses 600 billion dollar mark for first time ever

   Apr 11, 4:21 pm

London, Apr 11(ANI): Technology giant Apple's value has hit the 600 billion dollar mark for the first time ever, asserting its position as the most valuable US company in the world.

Apple's share had crossed the 500 dollars doorsill back in February , and they reached a high of 644 dollars on Tuesday.

Apple's stock has risen by almost 60 per cent since the start of the year, and it is another milestone for the iPhone maker, whose shares were worth as little as 3.19 dollars in 1997 when it faced the possibility of bankruptcy.

Competitor Microsoft is worth 260 billion dollars, and in 1999, at the peak of the dotcom boom, had reached 619 billion in market capitalization, The BBC reports.

In January, Apple reported record-breaking net profits for the last three months of 2011, and at the end of last year, it revealed it had 97.6 billion dollars in cash.

In March, the tech giant under current chief executive Tim Cook said it will use its cash to start paying a dividend to shareholders and to buy back some of its shares. (ANI)

JCB Ultimate Card expands market in China Oct 1, 4:09 pm
Tokyo, Oct.1 (ANI): JCB International Co. Ltd. an international subsidiary of JCB Co. launched the JCB Ultimate card in China which is considered as a Standard JCB card and aiming to expand market for affluent Chinese consumers.
Full Story
EU's Irish tax-deal probe may force Apple to repay billions of euros Oct 1, 1:25 pm
London, Oct 01 (ANI): Apple may have to repay billions of euros of legacy taxes as the European Commission opens an inquiry into the Irish tax deal.
Full Story
Bill Gates tops Forbes 400 list of richest Americans for 21st consecutive year Oct 1, 11:41 am
London, Oct 01 (ANI): Microsoft's founder Bill Gates has yet again topped Forbes 400 list of richest Americans for the 21st consecutive year with a net worth of 81 billion dollars.
Full Story
PayPal to break apart from eBay into separate company Oct 1, 10:50 am
Washington, Oct 01 (ANI): PayPal is set to break apart from the online merchant eBay into a separate publically traded company.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY