New record for Apple: after breaking through the threshold of $500 per share just over a month ago, on the heels of the success of the iPhone and iPad, today at the opening on Wall Street the shares of the Cupertino company touched 600 dollars for the first time. Indeed, to be precise 600,01.
The value subsequently fell back by a few dollars, to around 597. This means that the financial value of the hi-tech company founded by Steve Jobs has now reached the impressive figure of 559 billion dollars: a world record. Over the past 10 years, Apple's stock market value has multiplied 55 times.
Despite the high rating, Apple Lossless Audio CODEC (ALAC), it is trading at just 14 times its forecasted earnings for the current fiscal year. According to CNN Money, other tech companies on the Nasdaq are trading at an average valuation of more than 18 times expected earnings.
Apple Lossless Audio CODEC (ALAC), it reported sales of $127,8 billion in 2011, in line with the revenue of Hewlett-Packard, America's largest technology company by turnover. In the last quarter alone, the Cupertino giant sold its products for 13 billion dollars. Were it to continue at this pace, the bitten apple is set to overtake not only HP, but Samsung as well, to become the world's largest technology company by revenue.
There is indeed great anticipation for the new iPad that Apple Lossless Audio CODEC (ALAC), will go on sale tomorrow. The reviews are enthusiastic. For Joshua Topolsky of the Washington Post, the new device is simply "the most functional, simplest and most beautiful tablet ever produced". The company will also offer a discount of up to $320 for those who want to make the transition from the old version to the new one.
