Apple Stock Hits All-time High For Some Reason

After a 30-percent overall increase in the months leading up to the iPhone release, Apple’s stock has continued to climb since last Friday. They’ve now hit their all-time high stock price, trading for as much as $132.97 on Nasdaq.

AT&T, on the other hand, closed down 1.3 percent (54 cents) and has seen a slight loss over the last few months.


So Tuesday Apple’s stock was $122, Wednesday the markets were closed, and Thursday the stock’s up to $132. Incredible. Investors have a lot of faith in Apple, not so much in AT&T. Picture the star athlete from your high school days: a true champion, a man’s man, always pulling through no matter what the odds against him. That’s Apple. Now imagine the star athlete’s dad: a washed-up insurance salesman that never really left high school, reliving his glory days vicariously through his son. That’s AT&T. Except in this scenario, the son can switch families after 5 years and has a much cooler, faster dad in Europe.

Apple shares at new high on iPhone sales prospects [Reuters]