“U.S.-based Apple Computer Inc. (AAPL) said Wednesday it has decided to delist its shares from the Tokyo Stock Exchange (TSE), citing low trading volume. The maker of iPod portable music players and Macintosh computers first listed its shares on TSE in 1990,’ Dow Jones reports.
“Although as many as 127 companies were listed on the TSE’s foreign section in 1991, that number has declined steadily in recent years due to the falloff in trade of those issues. Earlier this year, Procter & Gamble Co. (PG) delisted its shares from the Tokyo bourse,” Dow Jones reports. “The delisting of Apple Computer will leave 30 companies listed on the TSE’s foreign section.”
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MacDailyNews Take: This is not bad news for Apple. The cost associated with maintaining a listing on the TSE was too high considering the low level of trading activity.