Apple rose 1.4% to $100.53, topping the split-adjusted record of $100.30 reached Sept. 19, 2012, just before the
After rising more than sevenfold following the 2007 debut of its smartphone, Apple stock lost a third of its value in the year after the iPhone 5's release on concerns that the company was running out of hit product ideas without co-founder
"All my chips still on the table and in fact increased position over past year," Icahn said in a Twitter post. Icahn owns 52.8 million shares in Apple worth $5.3 billion, according to a recent filing.
In June, people familiar with the plans said Apple planned to start mass production on two smartphones with larger screens, a response to devices from rivals such as
The stock's rise shows investors are buying into the strategy outlined by Chief Executive