Apple’s stock has been on a tear as of late, but even with its recent history, it was pretty obvious the iPad 3 invitation today definitely had an impact.
The stock had already been having a good morning, but then around 12 PM EST the invitations went out, and after a round of profit taking, the stock shot back up again to close out the day with a gain of 1.84%, or $9.65, hitting $535.41. This is yet another new high for the company, and it sees its market cap hitting $499.20 billion. That’s still $800 million away from the psychological threshold of $500 billion, or a half trillion dollars, but at the rate it has been increasing as of late, that shouldn’t be an issue.
Just how fast is it growing? It closed out 2011 at $403.51, a gain of 32% in just 59 days.