Apple's Share Price Finally Returns To 2013 Highs


We mentioned a couple of days ago that AAPL stock was approaching a high for the year, and it has now broken the $549.02 at which it began the year.

The company has experienced a roller-coaster ride in its stock price, almost entirely divorced from any product-based reality. The value placed on the company by the market at any given time has more to do with the gap between rumors and product launches, and of course short-term speculation.

It’s been a bad year for Apple stock. Growth of their stock price in this calendar year is zero, even with Apple’s share repurchase scheme and more-favourable dividend policy in play.