Company now most valuable US firm

Apple’s market value reaches $600bn

MCV Staff 10th April 2012 Development News

Apple’s stocks have continued their meteoric rise, nearly doubling in price from a year ago to give the company a market value of $600 billion.

With stock prices hitting a high of $644, Apple has come a long way from its 1997 low of $3.19 a share.

The hardware manufacturer lost co-founder and CEO Steve Jobs to cancer last year, but his death has not phased the company stocks, which have skyrocketed since January.

According to the BBC, Apple has over $97 billion in cash, which it will use to pay dividends to shareholders.

The company plans to spend $45 billion over the next three years.

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Pacific Standard Sound (PSS), the award-winning sound design and full service post production and sound company whose work spans some of entertainment's most iconic properties, today announced the launch of Pacific Standard Creative (PSC), a new division purpose-built to serve the evolving storytelling and production needs of video game development studios, advertising agencies, trailer houses, and independent productions who demand world-class sound without compromise. Pacific Standard Creative will be helmed by industry veteran Eric Marks, who brings more than a decade of audio and engineering leadership, as well as two years as the Vice President of the Motion Picture Sound Editors (MPSE).

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