Tim Cook Email May Have Violated SEC Regulations
Remember that email Apple CEO sent to CNBC's Jim Cramer yesterday amid the stock market turbulence? It looks as though Cook's rare mid-quarter update (focusing on Apple's sales in China) may have violated Securities and Exchange Commission regulations, Thomas Gorman, a partner at the law firm Dorsey & Whitney has told MarketWatch. In the email,...
AAPL Sets Record High, Market Cap Tops $660B for the First Time
Apple’s stock price reached its all-time high, pushing the company’s market capitalization level toward $660 billion as of this morning. The iPhone maker’s market capitalization was worth $652 billion yesterday, which had already put the company close to its previous record of $658 billion, recorded in September 2012 around the iPhone 5 launch. Today, however,...
Apple’s Stock Price Rises Above $600 For First Time Since October 2012
Today, for the first time since October 2012, Apple’s stock price has closed above the $600 mark. Apple’s stock price increased by $8.38 today and closed at $600.96. The company’s stock has shown major recovery since their share price dropped in June 2013. The price increase is likely due to the 7-for-1 stock split the...