Apple Crosses $500
NEW YORK (
) --
Apple
(AAPL) - Get Apple Inc. Report
shares hit $500 for the first time Monday morning, gaining strength on a new reputation study which ranked the iPhone maker as the top American brand.
Apple passed last year's winner,
(GOOG) - Get Alphabet Inc. Report
, in the Harris Interactive survey.
Shares of Apple have risen nearly 25% this year and
added $100 billion in market cap
-- the potential equivalent of
TheStreet Recommends
-- since the death of co-founder Steve Jobs.
|
Apple also said on Monday that the Fair Labor Association will conduct audits of the company's Chinese supplier network, including Foxconn factories in Shenzhen and Chengdu. The audits come after allegiations that Apple suppliers
.
--Written by Olivia Oran in New York.
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