Shares surge on iPad pre-orders, making Apple America's third most valuable company
UPDATE: That was short-lived. By March 15, Apple's market cap had fallen below Wal-Mart's once again.
Ninety minutes after Apple (AAPL) opened its online store for iPad pre-orders Friday morning, a burst of trading -- roughly 2 million shares in 30 minutes -- pushed its stock price to $227.73 and its market cap to $206.5 billion.
That, and a dip in MOREPhilip Elmer-DeWitt - Mar 12, 2010 10:43 AM ET
With its record close Friday, it's now the 4th largest publicly traded U.S. company
When its shares closed at $218.95 Friday, Apple (AAPL) became one of the five biggest U.S. companies by market capitalization, right below Wal-Mart (WMT) and above Berkshire Hathaway (BRK-A). (See chart at right.)
In the horse race most tech handicappers care about, however, Apple vs. Microsoft, the company has another $50 billion and change to go. Apple would MOREPhilip Elmer-DeWitt - Mar 6, 2010 6:35 AM ET
The retailing giant's purchase of a little startup has industry watchers wondering what happens next.
While everyone else was watching the Olympics on TV this week, TV and movie industry executives were watching a deal between Wal-mart and a little-known Silicon Valley startup.
That's because Wal-Mart said Monday it is buying Vudu, whose embedded technology enables viewers to buy or rent HD movies from a catalog of 16,000 titles via a broadband MOREJessica Shambora, Writer-Reporter - Feb 26, 2010 4:53 PM ET
Online jukebox Lala hooks up with Facebook and Google. Together, can they mount a serious challenge to Apple?
Apple rules music retail for now: iTunes passed Wal-Mart (WMT) last year to become the top-grossing music store in the world. But that doesn't mean things will stay that way.
The latest challenge to iTunes comes from Bill Nguyen, the serial entrepreneur who founded Lala.com.
Palo Alto-based Lala is an online jukebox with 8 million MOREJon Fortt - Oct 28, 2009 7:00 AM ET
Look out, U.S. wireless carriers: Wal-Mart is teaming up with billionaire Carlos Slim's América Móvil to train its price-crushing might on cell phones.
In time for the holiday season, the mega-retailer on Wednesday announced a nationwide roll-out of the new prepaid Straight Talk service, offered through América Móvil subsidiary Tracfone Wireless. Unlike mainstream wireless plans that pair cutting-edge phones with higher monthly fees and multi-year contracts, pre-paid services like Straight Talk MOREJon Fortt - Oct 15, 2009 7:00 AM ET
The NPD Group on Tuesday issued what at first appears to be a pair of contradictory facts:
Apple (AAPL) now controls the largest share of the music business, its iTunes Store accounting for 25% of unit sales in the first half of 2009, up from 14% in 2007.
Compact discs are still the most popular format for paid music, accounting for 65% of unit sales.
How can this be? The trick is that MOREPhilip Elmer-DeWitt - Aug 18, 2009 2:50 PM ET
AT&T (T) on Saturday began offering refurbished iPhones for the lowest price yet seen in the United States:
$99 for a black 8GB iPhone 3G (refurbished)
$199 for a black 16 GB iPhone 3G (refurbished)
The price points are not entirely unexpected. For several weeks before Christmas, Apple (AAPL) blogs were buzzing with rumors that Wal-Mart (WMT) would be selling a new version of Apple's iPhone at the magical $99 price.
But it was MOREPhilip Elmer-DeWitt - Dec 27, 2008 10:11 AM ET
Wal-Mart confirmed Friday what everyone who follows Apple already knew: that it will begin selling Apple's iPhone 3G at nearly 2,500 Wal-Mart stores starting Sunday Dec. 28 -- three days after Christmas.
Wal-Mart will sell the red-hot mobile device for $197 for the 8GB model and $297 for the 16GB model, or $2 off their current prices. There had been rumors that Wal-Mart would sell a $99 iPhone. (See Anatomy of a MOREPhilip Elmer-DeWitt - Dec 26, 2008 10:31 AM ET
Kaufman Bros. analyst Shaw Wu has been checking with his contacts in Apple's (AAPL) supply and distribution channels and reports that demand for the iPhone is "fairly healthy" in the U.S., Europe and, with the exception of Japan, most of Asia Pacific. He's anticipating sales of 6 million units for the December quarter (Apple's fiscal 2009 Q1), down from 6.9 million in Q4 but in line with the Street's expectations MOREPhilip Elmer-DeWitt - Dec 10, 2008 11:13 AM ET
The blogs and business wires were buzzing Monday morning with two juicy iPhone rumors: 1) That Wal-Mart would begin selling iPhones three days after Christmas and 2) That a low-end model would sell for $99.
The first, as we reported nearly three weeks ago, is true. (See Wal-Mart's post-Christmas iPhone sale.)
The second, as near as anyone can tell, is almost certainly not true -- although it seems to have taken on a life MOREPhilip Elmer-DeWitt - Dec 8, 2008 1:04 PM ET
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