Today, Apple’s stock has just hit a record high of over $500.00 a share! Apple is now is worth $466.29 Billion, over $70 billion more than the world’s second most valuable company, Exxon Mobil.
Last quarter, Apple presented the record financial numbers, which launched the stock price higher more than usual. Also, there is a rumor going around that Apple might start paying dividends to its investors, which would be something brand new for the company. We should find out more on that within the next couple of weeks when Apple holds its investors meeting.
Believe it or not, Apple still has lots of room to grow. Piper Jaffray analyst Gene Munster believes that Apple could go as high as $1000 per share.