Having reached its highest stock prices of 2013 several times over the past week already, Apple hit a 52-week high on Thursday.
Shares ended the day at $567.90 — representing a 0.5 percent increase on trading.
This number, however, was down from the $575.14 mark Apple stock reached at one earlier point during the day, based on China Mobile officially denying that a deal with Apple is done — claiming that “We are still negotiating”.
A deal with China Mobile is believed by analysts to represent a significant, largely untapped market opportunity — with the belief that Apple would sell an additional 15 million to 20 million iPhones in 2014.
- Source San Jose Mercury News