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Apple scrip goes through the roof on tablet talk
With a huge Christmas-eve surge in its stock Thursday, Apple has almost reached market parity with Google and Wal-Mart.
With a huge Christmas-eve surge in its stock on Thursday, Apple has almost reached market parity with Google and Wal-Mart.
The 3.4 per cent or $6.94
(Rs 325) rise in Apple’s stock during the day on Thursday took its market value to $188 billion (Rs 8,79,840 crore). The Apple stock sold for $209.04
(Rs 9,783), surpassing the previous high of $207 (Rs 9,688) last month.
The stock surge brought Apple within striking distance of Google ($196 billion, Rs 9,17,280 crore) and Wal-Mart ($204 billion, Rs 9,54,720 crore).
The spurt in Apple’s stock has been fuelled by speculation that the company is set to unveil an Apple tablet computer next month.
The new device, which could be called iPad, will be a cross between the iPhone and the Kindle reading device. The San Francisco Chronicle said on Thursday that the tablet device “will likely to be similar to an iPod Touch but with a 10-inch screen.”
The tablet will run a version of the iPhone OS software made to handle larger applications, the newspaper quoted a software analyst as saying. One gadget blog said Apple may launch a 7-inch tablet alongside or in place of the 10-inch one.
