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)
Starting as early as next week, customers who sign up for an Apple Card at Apple's retail stores in the U.S. will receive $249 cash back when they purchase AirPods Pro 3, according to Bloomberg's Mark Gurman. The promotion has yet to be officially announced by Apple, so exact terms and conditions are not available at this time.
AirPods Pro 3 are priced at $249 in the U.S., so customers who...
Apple today launched a new promotion offering new Apple Card holders the chance to earn back the cost of AirPods Pro 3 through monthly cash rebates, but there is a recurring spend requirement attached.
Customers who open a new Apple Card account and purchase AirPods Pro 3 directly from Apple by June 15 will qualify. Starting July 1 and running through April 30, 2027, cardholders can earn $25 ...
Trial production of Apple's long-anticipated foldable iPhone, likely called the "iPhone Ultra," has run into a significant engineering hurdle centered on hinge reliability, according to a known leaker.
The leaker known as "Instant Digital" posted on Weibo that the foldable device's hinge is consistently failing to meet Apple's quality control standards under conditions of prolonged,...
