Apple stock reaches new high

Apple stock reaches new high

Apple’s stock has touched a new high, reflecting investors’ renewed faith in CEO Tim Cook’s ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.

The milestone represents a dramatic turnaround in sentiment since Apple’s shares reached its previous split-adjusted peak of 100.72 dollars ) in September 2012.

After peaking at 100.77 dollars this morning, shares slipped three cents to 100.50 dollars , giving Apple a market value of 602 billion dollars – more by far than any other publicly held company.

Apple’s stock had fallen to a split-adjusted 55.01 dollars in April 2013 to wipe out about 300 billion dollars in shareholder wealth amid worries that the company, based in Cupertino, California, had run out of ideas without Mr Jobs as its mastermind.

Related Post

Google Maps adds feature to send directions from PC to pho
views 25
Google has launched a feature which allows users to send directions from Google Maps on a computer to a device. The feature is available on iOS now. T...
Samsung smartphones get official price cuts in India
views 278
Samsung has recently slashed the prices of its low-end and budget smartphones in India. This move comes soon after its Galaxy S5 and Note 3 Neo smartp...
Yahoo wants to kill email passwords 
views 25
Everyone has a portfolio of passwords to remember for individual services, making it all too easy to forget– Yahoo wants to make the process easier wi...
Apple unveils much-awaited iOS 9 
views 71
Apple on Tuesday announced several new software features as part of its annual update of mobile operating system iOS that powers the company's iconic ...
Latest Pictures: Galaxy S7 and S7 Edge from every angle
views 154
Samsung is all set to unveil its new Galaxy S7 and S7 Edge tomorrow in Barcelona at Mobile World Congress, but if you're not a patient type, you can s...