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Apple stock hits $600 for first time since April

Shares of Apple’s stock hit the $600-mark on Tuesday for the first time since April 27th. The company’s stock price sky-rocketed earlier this year after Apple reported the most profitable quarter in history among technology companies, and the second-most profitable quarter ever among all U.S. companies. AAPL hit $500 in February, and it first climbed above $600 this past March as investors anxiously awaited the launch of the company’s latest iPad tablet. Since touching $600 shortly after 11:00 a.m. Eastern on Tuesday, Apple’s stock has dipped slightly and was hovering around $599.50 at the time of this writing. Renewed chatter surrounding the upcoming launch of Apple’s rumored iPad mini is credited in part for today’s jump to $600, as is the dismissal of chatter that Wintek’s disappointing June might point to a slow month for sales of Apple’s mobile devices.

Zach Epstein

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.