Apple m-cap crosses $600 bn mark

New York: Shares of Apple Inc on Friday rose around one percent on the US bourse pushing the iPhone maker's market capitalisation to $603 billion.

In the first hour of trading, the scrip of the technology giant surged as much as 1.01 percent to $642 apiece on Nasdaq. During the intra-day, it touched a record high of $644.13.

Reuters

The sharp rise in the company's share price pushed its market capitalisation to $603 billion.

The Apple counter surged on reports that it would launch iPhone 5 in early September and analysts are predicting that this handset would be the biggest launch in history.

The growth in Apple's stock had been slightly weaker for the past month in the run-up to weaker-than-expected earnings for the third quarter, said analysts.

PTI


Updated Date: Dec 20, 2014 19:25 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See