Business

Apple to be most valuable ever

Tim Cook, Mr Jobs's successor, says the Apple board is considering returning some of the company's $100bn cash pile to investors in the form of dividends or share buy-backs.
Tim Cook, Mr Jobs's successor, says the Apple board is considering returning some of the company's $100bn cash pile to investors in the form of dividends or share buy-backs. David Stuart

APPLE shares touched US$600 a piece yesterday, a mere five weeks after they first topped $500, and analysts predicted the iPhone maker will soon become the most valuable company of all time.

The stock passed its new milestone in early morning trading in New York, amid gathering excitement over the launch of a new version of the iPad today and the potential return of cash to shareholders.

At $600 per share, Apple is the world's biggest company, worth $539bn, and one of only eight companies ever to have been valued at more than $500bn. It is now only a little way behind the all-time record set by Microsoft, which peaked at $600bn at the height of the dot.com mania in 2000.

The frenzied demand for the company's main products, the iPhone and the iPad tablet, plus the long-term revival of its historic Macintosh computers business, have not been interrupted by the death of founder Steve Jobs last October. In fact, the shares have risen around 50 per cent since then.

Shebly Seyrafi, a technology analyst at FBN Securities, believes that Apple shares will not stop rising until they hit $730.

After raising his forecasts for iPad shipments following the company's announcement of a third generation of the tablet computer last week, Mr Seyrafi told clients: "Apple remains our No 1-rated stock, and we expect the company to have several other strong new product cycles over the next one to two years, including the iPhone 5 and the iTV."

Apple's most recent quarterly results revealed that it is selling two iPads and four iPhones every second, and that it made record profits of $13.06bn in the final three months of 2011. Analysts believe that a move into televisions could open up another multibillion-dollar opportunity for the company, after Mr Jobs told his biographer last year that Apple engineers had created a new and simple interface for TV viewers.

Tim Cook, Mr Jobs's successor, says the Apple board is considering returning some of the company's $100bn cash pile to investors in the form of dividends or share buy-backs.

Topics:  apple imac ipad iphone steve jobs tim cook


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Rhonda walks after 12 years bedridden

BREAK-THROUGH: Rhonda Hodges can now walk after more than a decade without the use of her legs.

Postmans Ridge woman has had a breakthrough with rare disorder.

Easing the tricky transition into high school

NEW PEERS: Year 6 students tour the school as a part of their class group for 2017.

Lockyer District High School welcomed the next wave of students.

Some setbacks for Lockyer Valley NBN rollout

CONNECTION IS COMING: The NBN's Fibre to the Node connection is used where the existing copper network will make the final part of the NBN network connection.

Lockyer Valley NBN connection update.

Local Partners

Elizabeth's home is where the art is

SHE's been a highland dance teacher, dry-cleaner, mother and business woman but Elizabeth Browne is still sharing her true gift of painting with the world.

Kernaghan's a 'boy from the bush' with a timeless quality

Country music singer Lee Kernaghan.

Lee Kernaghan is celebrating the 25th year of his breakthrough song.

Man builds playground entirely out of packing tape

Artist Eric Lennartson is in the process of completing his huge tape sculpture at the Ipswich Art Gallery.

VIDEO:And here's where you can play on it.

Countdown to Woodford Folk Festival begins

ECONOMIC BOON: Woodford Folk Festival is celebrating its 30th anniversary this year.  Photo Contributed

The first larger-than-life inhabitants have stepped into Woodfordia

Dakota Fanning rekindles romance with childhood sweetheart

Dakota Fanning rekindles romance with ex

Jennifer Lawrence apologises to the people of Hawaii

Jennifer Lawrence sorry for 'offensive' story

Cruz Beckham's single a 'one-off'

He is not planning to launch a full-time music career yet.

Louis Tomlinson's mother dies aged 42

Louis Tomlinson's mother has died.

Star Wars spin off gets green light grom Lucas

Riz Ahmed, Diego Luna, Felicity Jones, Jiang Wen and Donnie Yen star in the movie Rogue One: A Star Wars Story.

Lucas said to have enjoyed the latest Star Wars spin-off

BOOK REVIEW: The Mask of Command

This narrative from Anicent Rome has it all

Essential to get new Maroochydore CBD fundamentals right

LOOKING AHEAD: The central business district at Maroochydore is planned to be the heart of the Sunshine Coast.

SunCentral reports good progress on 53ha Sunshine Coast city heart

'Crucial' farm land eyed by defence department

Lawson Geddes moving the Brangus cattle to higher ground - which is the land the Defence Department is interested taking for the Shoalwater Bay expansion.

"You can't have one without the other.”

Former Shark Show for sale for $1.3 million

Vic Hislop at the old Shark Show.

TALK about a jaws-dropping real estate opportunity.

There's a whole lot of luxury in this home

The Endeavour Foundation's latest prize home in Mountain Creek.

WHEN it comes to desirable homes, it's hard to go past a prize home.

Ipswich City Properties asset portfolio retains its value

Ipswich City Council Administration Building, South Street, Ipswich. Photo: Claudia Baxter / The Queensland Times

New website launched by Ipswich City Council

Ready to SELL your property?

Post Your Ad Here!