Apple’s Stock, Market Cap Reach New Record on Monday

On Friday, shares of Apple closed at a new all-time high just short of $650. By Monday, that weekend-long record was shattered. As of this writing, AAPL is trading just north of $661 and is poised to close at record all-time high levels today. Fueling the buying trend are hot rumors of a new iPhone …   Read More

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On Friday, shares of Apple closed at a new all-time high just short of $650.

By Monday, that weekend-long record was shattered. As of this writing, AAPL is trading just north of $661 and is poised to close at record all-time high levels today.

Fueling the buying trend are hot rumors of a new iPhone and iPad Mini arriving before year’s end.

A number of analysts, including Jefferies & Co.’s Peter Misek, claim that the new iDevices have already “gone into production.” As a result, Misek elevated his price target on Apple from $800 to $900.

This afternoon, however, Misek’s projection came a little closer to reality as shares of Apple climbed once again.

With a freshly established new market cap of $621 billion, Apple is now the most valuable company in the history of business.

Until today, Microsoft held the old record for a public company’s highest valuation, which was $618.9 billion – a level reached way back in December of 1999.

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1 comment

  1. Apps development

    The stock price will definitely increase with the launch of upcoming iPhone devices. After the release of the products the thing to watch is the stats it reaches.

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