Apple Stock Price Skyrockets To $600 Prior To WWDC
With the WorldWide Developer Conference (WWDC) coming up, the Apple stock price has skyrocketed, closing at $600 today on the NASDAQ share market, for the first time since the October of 2012.
As a result of the massive iPhone sales, Apple’s revenue has beaten previous estimates, with a whopping $45.6 billion brought in the first quarter. Apple also sold 43.7 million handsets in the period, a substantial increase from its 37.4 million sales in Q1, 2013.
Apple closed at $524.75 at the end of the first quarter, meaning their stock price rose by over 13% in under two weeks. In early June, Apple has also called for a 7-for-1 stock split which would bring more value to investors.