Apple is (probably) a $1 trillion company again

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Apple stock prices spent the whole year on the rise and ended trading Wednesday with a $1 trillion valuation.
Photo: Buster Hein/Cult of Mac

Apple’s stock made up more than $400 billion over the last nine months and ended today a $1 trillion company.

It’s a remarkable recovery, considering Apple closed the day on Jan 3. at $142.19 a share. Today, Apple’s shares rosed 3.2 percent to close at $223.59 for a $1.01 trillion market capitalization.

Now is the time to buy Apple stock

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What’s it like to have your startup bought by Apple? Stressful
Buying Apple shares now could earn you quite a bit of money this year, according to Morgan Stanley.
Photo illustration: Ste Smith/Cult of Mac

If you’ve been thinking about investing in Apple stock, an analyst from Morgan Stanley says this is to time to do so. The price is already low, and not likely to go any lower.

There’s been bad news for Apple recently but that’s already priced into the stock.

Don’t Miss Our iPad 3 Rumor Rundown On Episode 2 Of The CultCast

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Did you know Cult of Mac has a brand new podcast? No lies! We’re calling it The CultCast, and it’s the best 30 minute conversation you’ll hear about Apple all week long.

And wouldn’t you know it, we just released episode two into the wild! Join Leander Kahney, Buster Heine, and me, Erfon Elijah, as we yay and nay our way though all the iPad 3 rumors you’ve been hearing; ponder how Apple’s stock price could make it to $1000 per share; and argue about whether AT&T should be allowed to throttle those of us with unlimited iPhone data plans.

Sound tasty? Well dig in my friend! You can subscribe to The CultCast right now in iTunes and listen to episode two on your way to work!