Apple shares cross 500-dollar barrierFebruary 13, 2012 - 21:28 AMT 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 Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |