Feeds

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

Cook likely to shake out $7bn to the shareholders

Combat fraud and increase customer satisfaction

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. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.