Apple Stock Ends Year at All-Time High


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For those who invested their poker winnings in Apple stock: congrats

With the 2010 fiscal year ending today, Apple stock (AAPL) closed at $292.32. The stock touched an all-time high of $293.53 per share during Friday’s trading, before closing at an uptick of 1.18% on the day.

At $292.32 a share, Apple sits as the highest rated tech company and the third-largest company overall in terms of market capitalization, trailing only energy powerhouses Exxon Mobil Corporation (XOM) and PetroChina Company Limited (PTR).

The price of $292.32 means that the company from Cupertino finished the year up 57.6%, thanks in large part to products such as the iPhone 4, which saw the most successful launch in Apple history, and the newly introduced iPad.

Since the launch of iPhone 4, stocks are up 7.82%. In September alone APPL has seen a 18.9% price increase. In the last five years, a period spanning the release of numerous Macbooks, iPods and iPhones, the price is up 449.19%.

And the stock still has the momentum to keep rising. Steve Jobs started the month off with Apple’s annual product unveiling. In addition to revamped iPods and an updated iTunes with integrated social networking, the Apple CEO showed off the new and improved Apple TV, again trying to grab a foothold in living rooms around the globe.

After a stellar 2010, we’ll see what the record-breaking company has in store for 2011.

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