Apple's Stock Reaches All Time High After iPhone 4S Launch
Apple's stock meets its all time record today, the day of the iPhone 4S launch.
Apple's stock always skyrockets when a new product is released, but this is the highest it's ever gone. The day that Apple announced the iPhone 4S, stocks dropped about as low as $365 per share. As of today, that number is much higher, closing at $422 per share.
Even with the face of Apple gone, the company shows its resilience. Apple CEO, Tim Cook, did a substantial job introducing all of these new features that we have this week during Apple's previous iPhone unveiling.
Although Apple's stock seems to be pretty static between the numbers of about $370 and $410, analysts expect Apple's stock to easily reach $450 over the year of 2012. One specific analyst, Shelby Seyrafi, expects stocks to reach even higher than that at numbers of around $530. Seyrafi also estimates high numbers of iPhone sales this year, around 114.8 million units.
With Apple's stocks rising through the air like helium balloons, where do you think Apple will end up by the end of the year? Share in the comments below!