Apple is back on top with stock hits new All-Time high

Apple is back on top with stock Hits new All-Time High | PakistanTribe.comSAN FRANCISCO – World’s most secure smartphone producer, Apple is back on top — at least on Wall Street.

According to the reports from financial market, Apple’s stock topped its previous split-adjusted all-time intraday trading high of $100.72 in early trading Wednesday.

The stock went as high as $100.77, pushing its market cap back above $600 billion, before the stock price dipped back down slightly.

Reports said that in recent months the stock has been on the rise thanks to the stock split, increased buybacks, and positive earnings results and, of course, a wealth of new rumors about its product pipeline.

Apple is widely expected to introduce new, larger iPhones at a launch event next month as well as to enter its first new product market in four years with the launch of a smartwatch, commonly referred to as the iWatch.

These upcoming launches, combined with some notable recent hires like Angela Ahrendts to head retail and Jimmy Iovine from Beats, has helped renew optimism on Wall Street.

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