Apple Stock Rises to $600 Per Share Prior To Friday Launch
Apple will be rolling in cash by the time the month of March ends. The new iPad is launching tomorrow in many countries, particularly in North America, where pre-orders have already been sold out last week. Many stores will be opening early, to help the masses who are camped out and lined up to grab a new iPad before the lunch hour begins. With all this hype over the hottest new product of 2012, Apple stocks have been rising like a shooting star.
Today, just as the NYSE (New York Stock Exchange) opened, AAPL (Apple) hit an all time high at $600.01 per share. As you can see in the image above, the stock has fallen some, but it is sure to rise again, and according to some investors, it may reach as high as $700 per share soon enough after the iPad launch worldwide (March 23rd 2012 for many remaining countries). The stock has almost doubled it's value within the last 52 weeks, where we've seen the launch of the iPhone 4, the iPad 2, iPhone 4S and now the new iPad (3rd generation).
Source - Google Finance