Apple Stock Hits 52-Week High


For a company that people are either making fun of, or else talking about overtaking — Apple sure is doing well these days, isn’t it?

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.

About the author

Luke DormehlLuke Dormehl is a UK-based journalist and author, with a background working in documentary film for Channel 4 and the BBC. He is the author of The Formula: How Algorithms Solve All Our Problems, And Create More and The Apple Revolution, both published by Penguin/Random House. His tech writing has also appeared in Wired, Fast Company, Techmeme, and other publications. He'd like you a lot if you followed him on Twitter.

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