Apple’s stock is lookin’ pretty darn good right about now. The pre-iPad hype has led to the company’s best performance ever, with shares topping at $600 early this morning before settling at an impressiveÂ $585 at close. Apple’s stock has been experiencing a steady increase since Christmas, which has led the total value of the tech giant to come in at aroundÂ $550 billion.
That’s not all, though. Some analysts anticipate even higher numbers for Cook&Co.Â Gene Munster, an analyst over at Piper Jaffray,Â raised his price target for Apple shares to $from 670 to $718!
And to top it all off, this is all happening right after Apple postedÂ earnings of $46.33 billion and profits of $13.06 billion last quarter – another record for the company that may just be broken by the help of the new iPad.
So, in conclusion, Apple is very very rich and is about to be much richer. Yeah, I think that about sums it up.