Apple stock continues to soar to new heights

Riding high on a wave of good press for the iPad, and buoyed by an impressive 300,00 units sold on day 1, Apple's share price continues to soar to new heights.

Riding high on a wave of good press for the iPad, and buoyed by an impressive 300,00 units sold on day 1, Apple's share price continues to soar to new heights. One month before the iPad release, Apple was trading at $209 a share. Since then, it's been steadily climbing upwards and earlier today it was trading at $241.43, marking an all-time intraday high for the stock.  On Tuesday evening, the stock finished the trading day at $239.6, marking an all-time closing high for Apple.

If you're an Apple investor, don't expect a stock split anytime soon. Or a dividend for that matter. Apple hasn't payed a dividend since Steve Jobs returned to the company as Apple prefers to re-invest its profits into research and development. While some shareholders might prefer a dividend payout every once in a while, you can't really argue when Apple's share price might very well hit $300 before the year is out.

Join the Network World communities on Facebook and LinkedIn to comment on topics that are top of mind.
Related:

Copyright © 2010 IDG Communications, Inc.

SD-WAN buyers guide: Key questions to ask vendors (and yourself)