Feeds

iPad 3 launch news pushes Apple shares to $500bn high

Cook likely to shake out $7bn to the shareholders

Choosing a cloud hosting partner with confidence

Apple's share value hit an unprecedented $500bn in pre-market trading this morning, making the company worth more than Poland and many other things. The spike followed just hours after the firm sent out an emailed invite to the iPad 3 launch.

Anticipation over the new fondleslab, due to be unveiled on 7 March, sent speculators into overdrive, pushing Apple to its highest stock valuation ever.

The boost inducts Apple in the hallowed hall of companies that have been valued at more than $500bn. That includes Microsoft, Intel and Cisco, which have all reached the heady height at the peak of the dot.com boom, but have since sunk well below that mark.

Given the huge haul, it seems likely that Apple CEO Tim Cook will break with tradition this year and hand out a dividend to shareholders. Over $7bn will be dished out, according to a calculation by Bloomberg, a cash avalanche that would work out as a quarterly dividend of $2 a share.

Investors in Apple have been getting antsy about the company's vast cash hoard – Cupertino has $97.6bn in cash and investments – which even Tim Cook described as more than he needed to run a company. A $7bn handout could be a nice way to calm them down. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.