Items tagged with share price

Shares of Apple rose to above $500 for the first time ever on Monday, continuing a rally that began over two weeks ago when the Cupertino outfit reported record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. Those and other positive figures weren't lost on investors, who continue to drive up the price of Apple stock. The price per share has gone up 11 out of 14 days since Apple announced its quarterly results, and it's not officially cheaper to buy an iPad 2 tablet (16GB, Wi-Fi) than it is to own a single share of the company who builds it (technically, Foxconn builds the iPad, but you get the drift). What's so remarkable about... Read more...