// IP Marketing video - START// IP Marketing video - END

Apple shares cross 500-dollar barrier

Apple shares cross 500-dollar barrier

PanARMENIAN.Net - Shares of Apple crossed the 500-dollar barrier for the first time Monday, February 13 following a two-week gain sparked by record profits and revenues, M&C reported citing DPA.

The company's valuation of around 460 billion dollars make it worth more than the combined value of rivals Google and Microsoft.

But stock analysts say the company is still undervalued compared to the size of its earnings.

Apple has surpassed Exxon-Mobil as the most valuable company on US stock markets. The only companies ever to have crossed the 500-billion-dollar mark are Microsoft, Cisco, General Electric and Exxon-Mobil, which each briefly passed that threshold in stock run-ups over the last 15 years.

Apple's stock passed the 400 dollar level only four months ago and have risen over 40 per cent in the past year.

According to its latest earnings report, Apple made a record profit of 13 billion dollars in the fourth quarter of 2011, when it sold 37 million iPhones, 15 million iPads and 5 million Macs.

 Top stories
Hailing it as the "most advanced Kindle e-reader ever," the next-generation Kindle Oasis is the first waterproof Kindle, with a rating of IPX8.
Apparently, they plan to replace the "send via DM" icon on the bottom right portion of tweets with an overflow menu.
The app supports Armenian, Russian and English languages, and has already partnered with a number of cafés, pizza places and restaurants.
"The app has gone through a normal growth process, with no global PR promotion having been implemented yet," Avanesyan said.
Partner news