Apple’s Stock Hits Record High as Expectations of “iPad” Announcements Heighten
Apple’s stock surged $6.94, or 3.4%, on Thursday to close at a record high of $209.04. That topped the previous closing high of $207 on Nov. 17.
Rumors continue to build about the company’s widely anticipated tablet computer. The Financial Times reported that Apple has rented a stage at the Yerba Buena Center for the Arts in San Francisco in late January, most likely for a product announcement.
Apple’s shares now are up a whopping 145% year to date, more than making up for their plunge in the market meltdown of 2008.
Apple’s stock market value now is $188 billion, which tops IBM Corp. ($171 billion), General Electric Co. ($164 billion) and Chevron Corp. ($155 billion), among others, and is closing in on Google Inc. ($196 billion) and Wal-Mart Stores Inc. ($204 billion), reports the Los Angeles Times.
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