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Shares of Apple Stock Close at All-Time High

Aug 30 2014 12:11AM EST | Source: MacLife.com

With only a few days left before Apple's big iPhone event, the tech world is expecting great things from Apple. Wall Street, too, is caught up in all the excitement generated by rumors and leaked parts, and today the fervor pushed the Cupertino company's to its all-time high.

The final stock price for the day was $102.50, and the intraday stock price (also representing a record) was $102.90. Such numbers mark the continuation of the impressive trend we reported back on August 19, when the company's stock price sat at $100.53. Apple recently split its stock, and these "record" numbers account for the split.

Investors, of course, are hoping that the stock won't collapse after the highly anticipated September 9 event, when Apple is expected to announce two new iPhones and the long-awaited "iWatch." Current rumors suggest that Apple may go ahead and announce the latter device on September 9, although it's possible we won't get our own hands on it until early 2015.

Apple stock was at an all-time low just under a year ago, when it sat at $63.89 in September of 2013. When the Cupertino company's stock bumped over $100 again on August 19, it was the first time that the stock had reached such highs since way back in 2012 on the eve of the iPhone 5's launch.

Follow this article's writer, Leif Johnson, on Twitter.


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