Apple Breaks $600 Barrier
CUPERTINO, Calif. (TheStreet) -- Apple's(AAPL) stock broke the $600 barrier shortly after market open on Thursday as the tech giant's shares continued their upward trajectory.
The gadget maker, which recently unveiled its new iPad, briefly hit $600.01 in early trading on Thursday, just a few weeks after reaching $500.
Boosted by insatiable demand for its products, as well as the anticipated launch of a new iPhone and a new TV offering later this year, there has been plenty of chatter that the company's stock could surge to unprecedented levels.
Apple co-founder Steve Wozniak, for example, recently predicted that the firm's stock could reach $1,000, citing the continued popularity of the company's gadgets, and their ability to work well together.
Earlier this week, Morgan Stanley analyst Katy Huberty raised her Apple price target to $720, and hiked her earnings estimates. Huberty, however, believes Apple could go to $960 a share.
Apple shares were up $7.27, or 1.23%, to $596.85 in Thursday trading.
--Written by James Rogers in New York.
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