sex hikayeleri interior desing sikiž hikaye escort denizli porno hikaye
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


 

Wiggle


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

Bookmark and Share
   




FIJI NEWS
Fijian national stands to earn $160kA Fijian national awarded a medal worth $F160,000 in 2008 for his bravery in the face of Talibans wants to sell it to invest in a new business venture.
BUSINESS
PFL names new national sales managerPacific Forum Line has appointed Dharmend Sharma as its national sales manager.
TECHNOLOGY
Vodafone renovates airport shopVodafone Fiji has signed an agreement with Airports Fiji Limited which will allow for renovation of its airport shop at the arrival concourse in Nadi International Airport
HEALTH/FITNESS
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.
SPORTS
Award is a morale booster for U20s: FFAFiji Football Association chief executive Bob Kumar says the Team of the Year presented to the Vodafone Fiji U20 football team during the 2014 Fiji Sports Awards in Suva last night should motivate and raise the spirits of the players further.
LIFESTYLE/FASHION
Fiji Link receives ATR72-600 aircraftFiji Airways, Fiji’s national airline, today received its latest ATR72-600 aircraft for its domestic subsidiary Fiji Link.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS