The stock price of Apple Inc. (AAPL) surged almost 5% on the first trading day after the high-end iPhone 5s and the multi-colored iPhone 5c were made available for sale last weekend.
Earlier today, Apple’s stock price closed at $490.64 — an increase of $23.23 or 4.97% from last Friday’s closing.
The bullish trend in Philippine stocks continued today as the benchmark Philippine Stock Exchange index (PSEi) closed at a new all-time high level of 5,218.97.
The index rose 14.14 points or 0.27% from yesterday’s trading primarily due to the upbeat performance of Wall Street hours earlier and optimism over a possible gas find by Philex Mining Corporation (PX) the country’s largest mining company.
Decliners outnumbered gainers, 102 to 79, with more than 5.405 billion shares valued at P7.616 billion traded in today’s transactions.
Today’s highest gaining stocks are as follows:
“iResign.”
That’s the essence of the announcement made by Steve Jobs on August 24, 2011 when he officially relinquished his post as Apple Inc.’s Chief Executive Officer (CEO). As he steps down, we look back at the plethora of achievements that Jobs scored for the tech company during the past fourteen years that he was CEO.
Here are three of Jobs’ best achievements as Apple CEO with regard to the Apple stock (AAPL).
Achievement #1: Under Jobs’ helm, the Apple stock (NASDAQ: AAPL) skyrocketed in price from $5 in September 1997 after Jobs was officially appointed as interim CEO to around $376 on the day of his resignation. That translates to a total price growth of 7,420% during the 14-year period or a compounded annual growth rate (CAGR) of 36.15%. So if you invested $1,000 back in 1997, this is now worth a whopping $75,200.
Steve Jobs’ announcement of the launch of the new Apple iPad 2 last March 2 sent the Apple stock (Stock Code: AAPL) rising 0.80% to $352.12 at the close of the announcement day.
Some of you don’t know it yet, but Apple Inc. (AAPL) is already the largest tech company in the United States. Actually, it has been the largest tech company since May 2010, when it surpassed Microsoft Corporation’s market capitalization for the first time.
