// IP Marketing video - START// IP Marketing video - END

Apple stock hits $644.13 after four-month swoon

Apple stock hits $644.13 after four-month swoon

PanARMENIAN.Net - Apple's stock has hit a new high after a four-month swoon, as investors are looking ahead to the release of a new iPhone model, and possibly a smaller iPad, AP reported.

Already the world's most valuable company, Apple Inc. saw its stock hit $644.13 in morning trading Friday, August 17 before retreating to $642.

The previous high for the stock was $644, hit on April 10.

Apple has a market value of $602 billion, almost 50 percent higher than No. 2 Exxon Mobil Corp. at $408 billion.

Apple's stock fell last month after the company's earnings report for the April-June quarter showed the slowest growth in more than two years. It was only the second time in 10 years that Apple had missed analyst expectations.

 Top stories
Apple is suing a company for trademark infringement, alleging that the firm has been passing off counterfeit Apple chargers as the real thing.
Valley VC Learn Capital led the round, joining a number of other unnamed private investors who have already backed SoloLearn.
The new shift and deadline come after months of strategy disagreements, leadership flux and supply chain challenges inside Apple’s car labs.
AThe patent was first filed for in June 2015 and credits Erik G. de Jong, Anna-Katrina Shedletsky and Prashanth S. Holenarsipur as its inventors.
Partner news