Apple’s stock price has been breaking its own records pretty frequently of late. So, it doesn’t come as much surprise that the price per share shot up to a new record high today after the company announced its iPad 3 launch event.
Already trading at over $500 per share, the price began skyrocketing once the news that Apple had delivered press invitations to the event – breaking its own recent record and reaching a high of $534.62.
That beats its record high closing price, which was set on Monday at $525.76
Apple’s stock price had already increased more than 32% percent in 2012 after closing at $403.51 per share at the end of trading in 2011.
As of this writing, the stock is trading at only slightly lower levels – currently $532.61 – a 1.3% increase since yesterday’s close.
Ryan Faas is a technology journalist and consultant living in upstate New York who has written extensively about Apple, business and enterprise IT, and the mobile industry. In addition to writing for Cult of Mac, he is a contributor to Computerworld, InformIT, and Peachpit Press. In a previous existence he was a healthcare IT director as well as a systems and network administrator. Follow Ryan on Twitter and Google +.
8 responses to “iPad 3 Event Announcement Propels Apple Stock To New High”
Destroy ALL the competition.
Do you guys research anything before you write? AAPL has been up all day and is up more before the invite came out than after.
1.3% is skyrocketing?
yes especially b/c it’s all the way up to 535. Is that not very high?
Well, at $500, that’s 50 bucks right there…
This is all politics!! Waist of time….
I see spelling is a “waist” of time too!
I wonder how big the fall will be during the announcement, there usually is one, pretty funny seeing how it usually turns in to a new all time high a few days later :p