“Apple’s stock price has risen 15% since the departure of Steve Jobs last month, proving many analysts wrong who predicted the company to suffer under the leadership of Tim Cook,” Alistair Charlton reports for The International Business Times.
“Confidence in the new CEO was confirmed yesterday as the share price shot past $410 per share, to eventually reach $413.23, a record high for the technology firm,” Charlton reports. “Breaking the $400 per share barrier for the second time this year is impressive, but more so is the strong growth Apple has seen in a turbulent market, with broader markets suffering losses amid worries about a Greek debt default.”
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Charlton reports, “With rumours of the iPhone 5 gathering pace ahead of its predicted October launch, along with Mobile Me replacement iCloud due soon, the stock price is set to not only hold firm at the $410 level, but also to see continued growth.”
Full article here.