Apple stock soars on eve of iPad announcements
As Apple gears up Tuesday to reveal its latest versions of the iPad and iPad Mini, investors seem to be finally getting a bit more optimistic about all these new product launches.
On Monday, Apple’s stock was up 2.84%, or $14.43, to $523.32 in mid-day trading.
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Within a week of the Sept. 10 iPhone announcements, Apple’s stock has tumbled to $450.12.
The company slowly regained momentum, helped by Apple’s announcement that it had sold a record 9 million new iPhones during the first weekend.
That puts the stock with reach of its highest point this year, $549.03 on Jan. 2, though it has a way to go to crack the $700 barrier it reached in September 2012.
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