Apple's Stock Price Breaches $600 for First Time in 18 Months

Apple's share price has closed above the $600 mark for the first time since October 2012, some 18 months ago. It illustrate a significant recovery for Apple's stock, which hit a low of $388/share in late June 2013.

The price is mostly psychological, made even more so by the fact that Apple will split its stock by a 7/1 ratio next month, dropping the price down to roughly $85 per share at current prices. The stock split is meant to allow more investors the opportunity to invest in the company.

aapl600
Apple's market capitalization is roughly $518 billion, well ahead of Exxon Mobil's $444 billion. Apple is the most valuable publicly traded company in the world. The company's all time high share price is $702.10, originally hit in September 2012.

Top Rated Comments

Traverse Avatar
123 months ago
And will bottom to $350 after Apple announces record profits that fall short of Wall streets' unrealistic trillion dollar iPhone 6 estimates.
Score: 8 Votes (Like | Disagree)
JayCee842 Avatar
123 months ago
Ughh! Stupid school books, I could have bought some stock instead!!
Score: 7 Votes (Like | Disagree)
Aetles Avatar
123 months ago
I find Apple's lack of product innovation disturbing

Yeah, I agree totally! I mean it's only reasonable to expect revolutionary product innovations every thirty minutes or so from Apple, since all other companies has done so much more than Apple when it comes to product innovation.
Score: 6 Votes (Like | Disagree)
DanielDD Avatar
123 months ago
I'm looking forward to see Apple at 385$ a share again. After the split :D
Score: 6 Votes (Like | Disagree)
Rogifan Avatar
123 months ago
Is there anything more to this than just rotation? Apple is up about 7% YTD, Google is down around 5% and Amazon is down over 20%.

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incremental updates, don't raise the share price

lets have a stock split instead to get more mom and pop investors

Ichan was really pushing Cook for this

I find Apple's lack of product innovation disturbing

What did you do between 2001 and 2007?
Score: 4 Votes (Like | Disagree)
SusanK Avatar
123 months ago
I like this rumor :)
Score: 4 Votes (Like | Disagree)

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