Apple is (probably) a $1 trillion company again

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apple stock price
Apple stock prices spent the whole year on the rise and ended trading Wednesday with a $1 trillion valuation.
Photo: Buster Hein/Cult of Mac

Apple’s stock made up more than $400 billion over the last nine months and ended today a $1 trillion company.

It’s a remarkable recovery, considering Apple closed the day on Jan 3. at $142.19 a share. Today, Apple’s shares rosed 3.2 percent to close at $223.59 for a $1.01 trillion market capitalization.

Shark Tank investor bites into Apple over lack of transparency

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Kevin O'Leary
It will take a lot for "Mr. Wonderful" to buy Apple stock again.
Screen shot: CNBC

Entrepreneur and Shark Tank investor Kevin O’Leary said it “took seconds” to sell off his Apple stock after hearing company executives announce the tech company would no longer disclose units sold.

The self-named “Mr. Wonderful” said he was listening in on Apple’s Q4 earnings call on Nov. 1 and was shocked as CEO Tim Cook described unit sales like a shopping cart. The items in the cart aren’t as important as the total bill of sale, Cook said.

Amazon becomes the next $1 trillion company after Apple

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$1 trillion
Amazon became only the second company, behind Apple, to reach the $1 trillion market valuation.
Photo: Roberto Baldwin/The Next Web

Amazon became the second member of the $1 Trillion Club this morning – then left it after stock prices dipped.

Amazon crossed the threshold at $2050.27, five weeks after Apple was first to reach $1 trillion. By early afternoon, Amazon shares were trading at $2,035.64.

Tim Cook Earned Almost $4.3 Million In 2013

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"Low-fi on-hold music at Apple? Not on my iWatch!"

Tim Cook was paid $4.25 million in 2013, according to a regulatory filing reported by Apple on Friday.

This figure broke down as $1.4 million in salary, and a further bonus bonus of $2.8 million. Cook’s other compensation included $52,721 in company contributions to his 401(k) account, life insurance premiums, and vacation cash-out.

Apple Has Clearly Been Good This Year As Stock Surges To 2013 High

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Tim Cook has talked about this being an “iPad Christmas”, but plain calling it an Apple Christmas might be altogether more accurate — as Apple surged to a 2013 new stock high following news of the recent China Mobile deal.

Apple stock gained 3.8 percent to end Monday trading at $570.09, reflecting what Creative Technologies analyst Tim Bajarin has called, “a huge deal for Apple.”

Although it hit several year highs over the past several months, Apple stock prices had been depressed for some of 2013 as investors appeared concerned regarding a supposed lack of innovation from the company.

More recently, share prices had wavered as nervous shareholders fretted that the long-reported China Mobile deal wasn’t happening as fast as they hoped.

Although analysts are still arguing over the long-term impact the China Mobile deal is likely to have, this strong year finish nonetheless bodes well for Apple in 2014.

Twitter, Facebook, and Google shares also finished strong after the day’s trading.

Source: San Jose Mercury News