sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
INTERNATIONAL BUSINESS NEWS
August 21, 2012 12:00:00 AM
  Follow @ Twitter

Apple has dethroned longtime rival Microsoft as the most valuable company in history based on the value of its stock, which climbed to around $622 billion.

Apple's stock began a steady rise late last week and hit a new high of $664.75 a share near midday Monday on the Nasdaq exchange amid rumors the tech giant is poised to release new versions of iPhone, iPad, and Apple TV devices.

Apple topped the record of nearly $619 billion set by software titan Microsoft in 1999, during the famed dot-com boom years.

Apple shares began a rapid ascent on Friday after Jefferies investment bank analyst Peter Misek predicted the stock will hit $900 and predicted that the arrival of the iPhone 5 "will be the biggest handset launch in history."

Jefferies reasoned that Apple is positioned to take a significant portion of the profit to be generated by hot trends in smartphones, tablet computers, and gadgets linking to the Internet on latest-generation 4G networks.

The Internet has been abuzz with unconfirmed reports that Apple will introduce a new iPhone, perhaps with a larger screen, at a press event in September.

The Cupertino, California-based company is also believed to be readying a smaller version of its market-ruling iPad, and a revamped Apple TV box, referred to unofficially as "iTV," that routes video or programming to televisions.

"We believe the iTV is in full production," Misek said.

The surge in Apple's stock price demonstrated the powerful expectations for the next generation of gadgets from the culture-changing company, according to Wedbush Securities managing director of equities trading Michael James.

Investors also see promise in hot new Apple gadgets hitting the market in time for year-end holiday shopping, when the company's products typically shine, James added.

AFP


 

Bad Blood


PREVIOUS STORY
Embattled Qantas chief forgoes bonus and pay rise
NEXT STORY
Apple-Samsung smartphone clash heads to jury

Bookmark and Share
   




FIJI NEWS
Church supports education reformsThe leaders of the Methodist Church of Fiji have pledged their support towards the education developments carried out by the Government.
BUSINESS
Modern makeover for Holiday InnSuva’s Holiday Inn hotel undergoes significant renovation from today and is set to have a modern makeover by July 2016.
TECHNOLOGY
Online registration for foreign investorsFiji will soon launch online registration and approvals system for foreign investors.
ENTERTAINMENT
Keith Richards Crosseyed Heart out Sept 18Keith Richards will release his eagerly anticipated Crosseyed Heart, his third solo album and his first in over 20 years, September 18.
SPORTS
Osborne added to All Blacks squadFiji-born Highlanders winger Patrick Osborne has been called into the extended All Blacks squad for this weekend's Rugby Championship decider against Australia in Sydney and the second test against the Wallabies in Auckland the following week.
WORLD
Pope prays for peace in Syria, KoreaPope Francis prayed for a "political solution" in Syria and for "reconciliation" on the Korean peninsula in his first Easter Sunday message in front of a crowd in St Peter's Square.
NEWS SPORTS INFOTAINMENT MOBILE HOT TOPICS FOLLOW US ON