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Apple stock closes at an all-time high riding iPhone 5 rumors

Apple shares closed at an all-time high today at $648.11, which, undoubtedly, is due to speculations of the iPhone 5’s launch in September and the iPad mini in time for the holidays.

Apple shares closed at an all-time high today at $648.11, which, undoubtedly, is due to speculations of the iPhone 5’s launch in September and the iPad mini in time for the holidays.

The Cupertino-based consumer electronics giant currently holds $607 billion in the bank, and the $1 trillion mark doesn’t seem out of reach.  Apple’s stock increased by 57 percent this year, and if the trend continues, who knows how much money it’ll have stashed up under the bed by the end of next year.

Once Apple’s stock price hits $1,072 per share, the company will become the first company ever to achieve the $1 trillion market cap.  The numbers are amazing, and it doesn’t seem like there’s much standing in the way of Apple breaking some Wall Street records.

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