Apple, Shares | featured news

Shares of the Silicon Valley giant has touched $600 for the first time, about a month after reaching the $500 mark.

Apple's market capitalization topped $500 billion in opening trading Wednesday, climbing to a mountain peak where few companies have ventured -and none have stayed for long.

Apple's board awarded new CEO Tim Cook 1 million shares of stock -- provided he stays with the company throgh 2021.

Investors Thursday had a muted reaction to news that Steve Jobs has resigned as chief executive of Apple, sending the high-flying shares down less than 2 percent.

Blockbuster sales of the iPhone and strong Asian business again helped Apple Inc crush Wall Street's expectations, driving its shares up more than 7 percent to a record high and boosting Asian stocks.

Apple receives vote of confidence as analysts raise their price target for the company's shares a day after it unveils record profits and revenues.