For the past several years, Apple stock has been on the rise at a phenomenal and unprecedented pace; today, shares of Apple stock are currently sitting at roughly $647 per unit, beating the Cupertino-based company’s previous all-time high of $644.00 and absolutely smashing the $356 mark that Apple shares were trading for just hours after Steve Jobs stepped down from his chief executive position for the final time last August.
Apple achieved another milestone today by passing the $600 billion plateau in market cap, a mark it also reached in April for a brief period of time. Just early last year, the iPhone maker had just crossed $300 billion in market cap; yes, the One Infinite Loop corporation is now twice as valuable in just a 20 month period.
The imminent releases of the next-generation iPhone and so-called “iPad mini,” or so it is rumored, are most likely contributing to the surge in Apple stock price. The price of Apple shares has always soared leading up to a major iPhone release and in the weeks to follow, such as last October after the iPhone 4S launched. By the way, today is the second consecutive record-breaking day for Apple stock.