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After dropping almost 18 percent earlier this year, Apple’s stock (AAPL) is rallying, according to a report in MacObserver. The stock climbed to an all-time high and reached US$636.34 when the bell closed yesterday afternoon. This value is only slightly higher than the previous high of $636.23, which was set back in April.
Despite a disappointing Q3 that missed analyst expectations, Apple’s stock continues to climb due to anticipation over the rumored release of the next iPhone and a smaller iPad. Apple may announce these devices at an early September event.
[Via MacObserver]
About The Author
Kelly Hodgkins
Kelly spent the last four years covering mobile technology at places like BGR, Gizmodo and The Unofficial Apple Weblog. Before writing, she spent a few years working with and teaching others how to use Adobe Flash and Macromedia Director. Even earlier than that, she spent several years as a Ph.D student in Microbiology. When she's not writing, she can be found fishing the lakes and hiking the mountains of Western Maine with her husband and tribe of children. You can follow her on Twitter @kellyhodgkins.
