Apple Stock Hits All-Time High

    SAN FRANCISCO, CA - JANUARY 18:  Pedestrians walks by an Apple retail store on January 18, 2011 in San Francisco, California. Apple will release first quarter earnings one day after CEO Steve Jobs announced that he will be taking an medical leave of absence. Apple stock fell less than 3 percent after the announcement was made of his leave.  (Photo by Justin Sullivan/Getty Images)

    Justin Sullivan

    Cheers to those who held onto their Apple shares through hard times. The company’s stock reached a new high in Friday morning trading on growing investor expectations for the release of a new iPhone and possibly a new iPad. After a four-month lull, Apple’s stock had climbed 1 percent by early Friday afternoon, from Thursday’s close, just surpassing its previous $644 high on April 10. The company’s market value sank last month after its earnings report for the April-June quarter revealed the slowest growth in more than two years, but a number of upcoming high-profile launches—including the iPhone 5 and Apple TV—could have reinstilled investor confidence.

    Read it at Associated Press