Well Apple, you’ve done the unbelievable. Just one month earlier, $500 per share was reached, and now that number has quickly grown to $600. Although the stock share price has pulled back by nearly $10 since this morning, this is a huge achievement and shows great growth. Mainly, the reason is the New iPad sales. Apple has reported insane amounts of sales, they even are expected to sell 1 million New iPads on the release date tomorrow, March 16th.
Apples stock, AAPL, has been climbing ever since January when Apple has reported their Q4 earnings of 2011 and fiscal Q1 earnings of 2012. To be exact, the stock has risen nearly $180 within two months. It wasn’t until Apple announced their media event they pushed over $500 though.
Analysts are even predicting that Apples stock will be worth over $700 by the end of 2012. Much will be thanks to the New iPad sales and the upcoming iPhone sales. Even more estimates have predicted that in 2013 Apple will push $1000!
Also, if you remember, at the end of February Apple broke the barrier for $500 billion in market capitalization, being the first in a few years. Now they stand at $560 billion, and it hasn’t even been a full month yet. Currently the second ranked company is worth $410 billion, making Apple a whole $150 billion ahead!
One year ago today Apples stock was worth $310, so we are seeing almost $300 in growth of a year. Investors sure are getting their moneys worth, and that’s one thing we know for sure. If you haven’t invested yet, invest now! Apple stock will continue to climb. Some possible products we can expect in 2012 is an iPhone,iPad mini,iPod touch,iTV,Macbooks, and new iOS updates.
Have you invested yet?