Apple Inc. (AAPL) Expansion Plans Push Stock to $466 Per Share
Shares of Apple (NASDAQ:AAPL) continue to rise to new all-times highs in this week’s trading. The stock has achieved $466 per share and the largest market cap of any tech company in history in 2012. Here is the latest news on Apple (NASDAQ:AAPL) today:
Apple (NASDAQ:AAPL) may expand its Apple Store-in-store program beyond Best Buy (NYSE:BBY) and Target (NYSE:TGT) by using a similar model in partnership with Walmart-owned (NYSE:WMT) Sam’s Club, according to 9to5 Mac sources. Sam’s Club and Apple are talking about store-in-stores, as well as a backup plan of Sam’s Club simply selling Apple’s Macs but without the Apple Store features, the report noted.
In Canada, telecommunications firms Rogers Communications (NYSE:RCI) and BCE Inc. (NYSE:BCE) are in talks with Apple (NASDAQ:AAPL) to become Canadian launch partners for its Apple iTV, reports the Globe and Mail.
Apple (NASDAQ:AAPL) and China Mobile (NYSE:CHL) have confirmed that iPhone 4S users in China are suffering from comparability issues with the use of a China Mobile SIM card, making some users lose signal and others unable to receive calls despite having a full signal, reported The Next Web. A report says Apple is working to release a fix.
Vendors shipped 158.5M smartphones in Q4 and 488M for all of 2011, significantly outpacing worldwide client PC shipments, which reached 414.6M for the year, according to Digitimes.
Motorola Mobility Holdings (NYSE:MMI) asked Apple (NASDAQ:AAPL) to pay a potential royalty of 2.25% of sales for some iPhones and iPads last year, which could amount to billions of dollars in licensing fees, reports the Wall Street Journal.
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