In less than two years, I have singlehandedly reported about the price of Apple shares passing the $400 mark, then crossing the $500 plateau and finally breaking the $600 mark; today, I have yet another milestone to add to that list. In after hours trading on Monday, the price of Apple shares surpassed the $700 mark for the first time in company history. This recent surge in the price of Apple shares can be attributed to the imminent release of the iPhone 5, new iPod touch, new iPod nano and possibly even an iPad mini.
Apple has quickly emerged as the world’s most valuable company, soaring past Exxon Mobil last year and never looking back. As the one-year anniversary of the passing of Steve Jobs approaches, Apple has proven that it can still be as successful — if not more — without the charismatic leader at the forefront of the company. Tim Cook just recently celebrated his own one year anniversary at the helm of Apple and appears poised to lead the Cupertino-based company along a path of success as the twenty-first century progresses.