// 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
Facebook confirmed that this is an official effort, though it did not answer questions about how it works, how the data is used and retained.
It was not immediately clear whether Amazon will expand this model with more physical stores or offer the technology to other retailers.
The researchers found that iPhone users are also more likely to see their phone as a status symbol than Android users.
Suppliers say they have been asked to submit prototype screens with better resolution than ones from Samsung to differentiate its models.
Partner news