Apple Inc.: Continue to lure Customers, Benefits Investors, Now worth more than a Nation
Apple Inc - Now Worth More Than A Nation
Apple with the launch of its new iPad this month and it becoming a huge hit in the market has touched the price $600 for every share. The Stock has jumped 45% in last one year. The cash rich Apple which is estimated to have $97 billion in kitty has announced to pay dividend for the first time to its investors adding another smile to the face of investors. Apple will also begin its share buyback program to minimise the effects of dilution which will be there due to equity grants to new employees and due to employee stock purchase program. Reports earlier have estimated that Apple may have cash more than US government.
It is surprising to know that Apple’s current worth which is $500 billion is more than a nation (Poland) having population of 38 million. The rivalry company Microsoft is estimated to worth half of Apple now and stands at $297 billion. Apple’s chief executive Tom Cook said,
“We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure. You’ll see more of all of these in the future.”
Apple Share Price Touched $600
The new iPad sales are estimated to more than 60 million. Hundreds and thousands of Apple fans are already in line to get their 4G tablet. The newest edition on the iPad which went on sale in 10 countries has all dedicated fans lined up overnight on the day of its sale on Friday in Munich, Paris, London, Singapore and Hong Kong.