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.

Source: San Jose Mercury News