After surging to an all-time high share price last week, Apple climbs even higher today

Posted by Knowlton Thomas

Last week, Apple's earnings report triggered a tremendous surge in its share price, pushing the stock up several percent to an all-time high of $365.

It performed well in after hours too, and Today, while the rest of the market sagged, Apple's stock surged again, this time climbing over 2 percent to $374.

Amazingly, the company's price to earnings ratio is still a surprisingly low 18. Its stock is nearing $400, and that number should easily be hit. Sooner rather than later, too, considering what Apple has up its sleeve for the next couple months: Mac OSX Lion, the next-gen iPhone, iOS 5, and many rumoured hardware upgrades like a new Macbook Air, Cinema Display, Mac Mini, Mac Pro, and Macbook.

To those who bought Apple 5 years ago, enjoy!

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more




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