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IN THE PAPERS

Coverage of the third plane crash in one week - from France, Algeria and Burkina Faso

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IN THE PAPERS

Coverage of the plane crash that took 116 lives - almost half of them French

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DEBATE

Gaza: A Truce At All Costs?

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AFRICA NEWS

Central African Republic: Brazzaville ceasefire talks deliver fragile deal

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FOCUS

Sluggish tourist season in Crimea

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ENCORE!

Bartabas : Mixing Christ with Spanish music and dancing horses

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IN THE PAPERS

Shifts in the propaganda war waged between Israelis and Palestinians

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IN THE PAPERS

French MPs face quandary in pro-Palestinian rallies

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THE INTERVIEW

Yezid Sayigh, Senior Associate at the Carnegie Middle East Center in Beirut

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  • Live: ‘No survivors’ from Algerian plane crash, says Hollande

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  • Protest against Gaza offensive turns deadly in West Bank

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  • Wreckage of Algeria plane found in Mali

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  • Deadly strike on UN shelter in Gaza Strip

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  • BNP to pay $80 million for defrauding Dept of Agriculture

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  • Pope meets Christian woman sentenced to death in Sudan

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  • Air Algérie crash: 'We should eliminate the missile hypothesis'

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  • Italy’s Nibali cruises to victory in 18th stage of Tour de France

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  • Iraqi parliament elects moderate Kurd as president

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  • US, European agencies lift travel restrictions to Tel Aviv

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  • No end to fighting until Israel ends Gaza blockade, Hamas says

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  • Two foreign women shot dead in western Afghanistan

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  • At least 60 killed in attack on prison convoy near Baghdad

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  • Cycling is ‘winning the war on doping,’ says expert

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Business

Apple overtakes ExxonMobil in US market value

Text by News Wires

Latest update : 2012-01-25

Apple overtook ExxonMobil once again to become the largest US company in market capitalisation Wednesday after its share price skyrocketed on quarterly gains. Apple shares were up 6.83% to $449.12 in early Wall Street trading.

AFP - Apple shares soared on Wednesday following blockbuster quarterly earnings and the California gadget-maker leapfrogged over ExxonMobil to become the largest US company in terms of market value.

Apple shares were up 6.83 percent at $449.12 in early trading on Wall Street, giving the maker of the iPhone, iPad, iPod and Macintosh computer a market capitalization of $418.94 billion.

ExxonMobil shares were down 0.75 percent at $86.53.

The oil giant's market cap -- the number of shares outstanding multiplied by the stock price -- stood at $415.33 billion.

Apple first surpassed ExxonMobil in market value in August of last year and the two companies have been jockeying back and forth since then.

Apple dethroned US software giant Microsoft in May 2010 to become the largest US technology company in terms of market cap.

Apple stock has risen steadily over the past few years on the release of a string of hit products starting with the iPod in 2001, followed by the iPhone in 2007 and the iPad in 2010.

Apple reported record earnings on Tuesday in the first quarter since the October death of founder Steve Jobs.

Apple's net profit more than doubled in the first quarter of fiscal 2012 to a record $13.06 billion while revenue soared to an all-time high of $46.33 billion from $26.74 billion a year ago.

Apple said it sold 37.04 million iPhones in the quarter which ended on December 31, up 128 percent from a year ago, and 15.43 million iPads, a 111 percent increase.

Apple sold 5.2 million Macintosh computers in the quarter, up 26 percent, and 15.4 million iPods, a 21 percent decline from a year ago.
 

Crowd pelt Beijing Apple store with eggs

Date created : 2012-01-25

  • ITALY

    Italy fines Apple for misleading customers

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  • TECHNOLOGY

    Apple fans rush to buy new iPhone

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  • TECHNOLOGY

    Steve Jobs was determined to destroy Android, new book reveals

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