Apple has released iOS 7.1.2 to end users today over-the-air with the following changes:
• Improves iBeacon connectivity and stability
• Fixes a bug with data transfer for some 3rd party accessories, including bar code scanners
• Corrects an issue with data protection class of Mail attachments
The update is available over-the-air or via iTunes for the latest iPhones, iPads, and iPod touches. The fix for Mail addresses a well-publicized security problem regarding attachments. Apple has also released OS X 10.9.4 with various bug fixes and security enhancements.
The build number is 11D257 and it comes in at approximately 30 MB over-the-air on the iPad and 32 MB on the iPhone. The update is approximately 1.4GB for a complete download via iTunes.
In addition, Apple has released Apple TV software version 6.2 (build number 11D257c) without any major changes. The update addresses stability and performance issues:
- Includes general performance and stability improvements.
Investors are liking Apple’s direction lately, pushing the stock to $600 per share for the first time since 2012. Shares of AAPL closed at $600.96 each on Monday, a nice hike up from the under $400 price the stock was sitting at in April 2013.
Apple’s shares were up more than $8 for the day to reach the 52 week high, bringing the Cupertino-based company’s market capitalization to a hefty $517.65 billion.
It’s not new products that have pushed Apple’s stock higher – we haven’t seen the promised new product category yet – but rather continued successful quarterly performance, an increased stock buyback, and a 7-for-1 stock split that is set to take place in June.
“We’re confident in Apple’s future and see tremendous value in Apple’s stock, so we’re continuing to allocate the majority of our program to share repurchases,” Tim Cook, CEO of Apple, said in April on the company’s latest earnings call. ”We’re also happy to be increasing our dividend for the second time in less than two years.”
The increased buyback was announced in April, when Apple detailed it has raised its share repurchase authorization to $90 billion from the $60 billion level announced last year. Apple expects to utilize a total of over $130 billion of cash under the expanded program by the end of calendar 2015.
The seven-for-one stock split also impressed investors, as each Apple shareholder of record at the close of business on June 2, 2014 will receive six additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on June 9.
Apple’s all-time high was reached in September 2012 when shares crossed $700 for a short period, before tumbling back down.
With its shares’ price going past the $660 mark today, Apple reached a market capitalization of over $620 billion, thus becoming the most valuable company ever. The Cupertino based behemoth has taken the title from its rival Microsoft, which at one point was valued at $618.9 billion.
With the next generation iPhone and another iPad model lurking around the corner, we can reasonably expect Apple’s market capitalization to reach even bigger heights. So, don’t be surprised if you hear the $1 trillion market capitalization talk intensify even further.