Tuesday, October 12, 2010

Apple shares near milestone of $300

SAN FRANCISCO (MarketWatch) — Shares of Apple Inc. are drawing near the $300 mark, though most Wall Street analysts covering the company expect the stock to move even higher.

On Tuesday, Apple (AAPL 298.50, -0.24, -0.08%) shares rose another $1.70 to $297.04, driving the company’s market capitalization to about $271 billion. Even considering Apple’s strong performance in previous periods, the shares have had a good year, with investors continuing to show their faith in the company’s focus on mobile devices such as the iPhone 4 and iPad.

The stock now sits at an all-time high, and is expected to continue to push ahead, especially after Apple releases its September quarter results next Monday.

Read the full story by Rex Crum at MarketWatch

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