|
|
|
|
|
|
|
|
|
|
|
| . |  |
. |
|
|
|
 by Staff Writers New York (AFP) Nov 25, 2014
A rise in Apple shares Tuesday pushed the market value of the trend-setting US tech icon above $700 billion, becoming the first company to hit that milestone. Apple shares rose nearly one percent in morning trade to $119.75 at 1525 GMT, making its market capitalization some $701.7 billion. The shares were fluctuating in a narrow range later. The maker of the iPhone and iPad is by far the world's most valuable company by stock market value, well ahead of Exxon Mobil at $403 billion and Microsoft at $394 billion. Investors and analysts were upbeat on Apple at the start of the holiday shopping season, expecting strong sales during the gift-giving period that kicks off in the US with Thursday's Thanksgiving holiday. "We believe the stars are well aligned for Apple to shine bright this holiday season," said Brian White at Cantor Fitzgerald in a research note, adding that he expects to see heavy demand for the new iPhone models and a refreshed lineup of iPads. Apple has also launched its new mobile payment system that allows consumers to purchase goods at some merchants with a tap of the iPhone, and is working on a smartwatch for release in 2015. soe/rl/dc
Related Links Satellite-based Internet technologies
|
|
| ||||||||||||||||||
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |
del.icio.us
Digg
Reddit
Google
