Apple shares hit $600 ahead of new iPad release
Shares of Apple reached a record of $600 briefly today as the market anticipated strong sales of the new iPad, which will be available beginning tomorrow.
Shares rose 1.8 percent to reach $600 early this morning but then retreated and closed at $585, giving the company a market valuation of more than $550 billion. This historic move comes one month after Apple stock hit $500. Shares were at $403 the day before Christmas and have been rising steadily for the past three years.
A handful of analysts increased their estimates on Apple's share price this week, citing the … Read more
