Apple Shares Shoot to New Highs

by Alyssa Oursler | August 17, 2012 1:41 pm

Shares of Apple (NASDAQ:AAPL[1]) soared to a new high of more than $645 today, besting a previous high in April.

The company paid investors a dividend[2] 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[3].

In fact, a report just announced that Apple had actually started production[4] on the cheaper, pocket-sized tablet. The tablet, like the original iPad, will compete[5] with products from Microsoft (NASDAQ:MSFT[6]), Google (NASDAQ:GOOG[7]) and Amazon (NASDAQ:AMZN[8]).

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

Endnotes:
  1. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  2. paid investors a dividend: http://investorplace.com/2012/03/does-apple-dividend-signal-end-of-growth-aapl/
  3. talk of an Apple TV: http://investorplace.com/2012/08/thursday-apple-rumors-apple-meeting-with-media-firms/
  4. actually started production: http://www.businessweek.com/news/2012-08-17/apple-rises-to-intraday-record-on-ipad-mini-research-note
  5. will compete: http://investorplace.com/2012/07/prepare-for-the-coming-tablet-war/
  6. MSFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSFT
  7. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  8. AMZN: http://studio-5.financialcontent.com/investplace/quote?Symbol=AMZN

Source URL: http://investorplace.com/2012/08/apple-shares-shoot-to-new-highs/
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