Apple Shares Shoot to New Highs

Report says highly-anticipated iPad mini has started production


Shares of Apple (NASDAQ:AAPL) soared to a new high of more than $645 today, besting a previous high in April.

The company paid investors a dividend of $2.65 earlier in the week. It also has the release of both the iPhone 5 and iPad mini slated for September, while there is also lots of talk of an Apple TV.

In fact, a report just announced that Apple had actually started production on the cheaper, pocket-sized tablet. The tablet, like the original iPad, will compete with products from Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOG) and Amazon (NASDAQ:AMZN).

AAPL stock has now gained nearly 60% since January and nearly 70% over the last twelve months.

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