‘Doomed’ Apple sees its stock close at an all-time high

Apple Share Price All Time High

Hey wait, wasn’t Apple supposed to have “disappeared” by now if it didn’t release the iWatch? Apparently the company didn’t the memo because as Bloomberg notes, its stock just closed trading at $100.56 on Tuesday, which is more than its previous split-adjusted all-time high of $100.30 that it hit back in 2012. All told, Apple now has a market cap approaching $600 billion, which still leaves it far ahead of top rivals Google ($397 billion market cap at the end of Tuesday’s trading) and Microsoft ($372.5 billion market cap at the end of Tuesday’s trading). If the iPhone 6 is as big a hit as many analysts predict, Apple’s stock price and market cap might have even more room to grow.

Source:
Bloomberg
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