Apple Inc (AAPL) Breaks Record $450 Billion Market Cap Today
Shares of tech company Apple Inc (NASDAQ:AAPL) achieved another new historical stock price high at $487.20 today. The company continues to impress investors, traders and shareholders. Here is the latest news moving shares today:
The U.S. Air Force’s Air Mobility Command reportedly plans to buy as many as 18,000 of Apple’s (NASDAQ:AAPL) iPad for use on cargo aircraft like the C-5 Galaxy and C-17 Globemaster, Appleinsider says. This could prove to be the largest single federal order for iPad 2 units, according to Nextgov, the periodical reports.
Apple (NASDAQ:AAPL) will reportedly add a Chinese-language version of Siri, its iPhone 4S voice assistant, in March, Penn Olson reports, citing comments from Chinese tech site DoNews. In addition to speaking and understanding Chinese, Siri will also be able to give navigation and information.
Apple (NASDAQ:AAPL) will soon begin to enforce stronger controls over software built for Mac computers, and will restrict how some apps can access certain parts of the operating system and hardware, as the company moves to standardize consumers’ experience across all Apple devices, reports the Wall Street Journal.
A new alleged leaked photo of an Apple (NASDAQ:AAPL) iPad 3 suggests that the tablet will likely have a larger battery and similar design as the current iPad 2, Business Insider reports.
Protesters plan to gather outside a number of Apple (NASDAQ:AAPL) stores around the world today, in order to protest working conditions at factories that make the company’s products, The Washington Post reported yesterday. Apple cares about all of the workers in its supply chain, and insists that its suppliers provide safe working conditions, said a company spokesman, but Apple’s own audit found that 44% of the facilities in its supply chain didn’t implement changes that would prevent repetitive injuries, the newspaper noted.
Apple (NASDAQ:AAPL) supplier Foxconn has had its security breached by a group of hackers known as Swagg Security, stealing usernames, passwords, and other private info, according to Cnet.
Needham raised its price target for Apple shares to $620 citing upward revisions in the values of the iPad and Mac. The firm maintains 2012 and 2013 earnings estimates of $41.25 and $53.00, respectively, as well as a Buy rating on the stock.
Canaccord’s checks indicate iPhone market share increases and strong sales in international markets. As a results, the firm raised its March quarter iPhone estimates to 32.6M units from 30.1M units. Shares remain a Top Pick with a $665 price target, up from $650.
A German court has denied Apple (NASDAQ:AAPL) request for a preliminary junction banning sales of Samsung’s Galaxy Tab 10.1N computer tablet, which uses Google’s Android operating system, according to Foss Patents. The court determined that the Galaxy Tab 10.1N – a redesigned version of Galaxy Tab 10.1 that was banned last year by the court for patent violations – is “reasonably distinct” from Apple’s products, Foss said.
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