Apple Stock Hits New All-Time High

Apple is back on top — at least on Wall Street.

Apple's stock topped its previous split-adjusted all-time intraday trading high of $100.72 in early trading Wednesday. The stock went as high as $100.77, pushing its market cap back above $600 billion, before the stock price dipped back down slightly.

See also: Apple Is Starting to Get Exciting Again

The Cupertino company hit a high of $705.07 (or $100.72 when adjusted for Apple's 7-1 stock split) in September, 2012 the day that the iPhone 5 was released. In the months that followed, the stock plummeted to less than $400 on supply chain issues, executive shakeups, declining profit margins, increased competition from the likes of Google and Samsung and more fundamental concerns about Apple's ability to put forward a new breakthrough product Read more...

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