Apple, Inc's worth climbed to above $100 billion today in heavy trading. The company is now worth approximately double rival computer maker Dell's market cap ($59.4 billion), but still trails behemoth Microsoft by a hefty margin, whose worth sits at $294.94 billion.
Note that Dell does not compete in as many areas as Apple, and Microsoft competes in more, which helps explain some of the disparity.
AppleInsider attributes part of the surge of Apple's stock price to recent bullish forecasts by some financial analysts, who have raised the 'BUY' price of Apple's stock to $150. Perhaps also contributing to the surge were announcements today of iTunes 7.2 with DRM-free songs.
Update:Reuters is reporting that Apple is joining the S&P 100 index. Apple will join the select group at market close tomorrow, May 31st.
The S&P 100 is a subset of the S&P 500, and is comprised of "100 leading U.S. stocks with exchange-listed options. Constituents of the S&P 100 are selected for sector balance and represent about 57% of the market capitalization of the S&P 500 and almost 45% of the market capitalization of the U.S. equity markets. The stocks in the S&P 100 are generally among the largest and most established companies in the S&P 500." (according to Wikipedia)
Apple is set to unveil iOS 27 during its WWDC 2026 keynote on Monday, June 8, and the update will reportedly include two new Apple Wallet features.
First, iOS 27 will reportedly let users create their own digital passes by scanning items like movie tickets, concert passes, and gym membership cards. Many apps already offer Apple Wallet passes, but now users will be able to create a custom...
New models of the Apple TV 4K and HomePod mini are "nearly ready to go," according to the latest word from Bloomberg's Mark Gurman.
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Both devices have been ready "for months," but Apple is holding off on launching them until the more personalized version of Siri is available, he said.
"I am told the hardware for the next Apple TV...
Apple is expected to launch its first foldable iPhone later this year. Rumors suggest the "iPhone Ultra" will come in two color options, and a leaker shared an image today that allegedly shows one of them.
Posted on Weibo by the Chinese leaker known as Ice Universe, the image purportedly offers a first glimpse of Apple's foldable in white. The device is believed to have entered early mass...
