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Apple shares surge past $600 for the first time since 2012

Apple Share Price $600

It’s amazing what a strong earnings report and a 7-for-1 stock split will do for your company’s share price. Apple shares surged past the $600 mark on Monday and closed at $600.96 each, which is the highest they’ve been since November 2012. Apple’s stock value had peaked at around $700 in September 2012 before falling all the way down to under $400 in April 2013. However, the company’s better-than-expected iPhone sales in its latest quarterly earnings report coupled with news that it will enact a 7-for-1 stock split in early June have helped reignite demand for Apple’s stock. Investors may also be feeling bullish at the sales prospects of the iPhone 6, which will finally give Apple fans a device with a big display that’s on par with the Galaxy S5.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.