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.