As inexplicable as Apple’s sudden and prolonged drop was following last September’s iPhone 5 launch, the stock now appears to once again be very much on the rise. The stock has closed at over $500 per share for the first time in over a month ($506.17 on September 9, 2013).
While the reason is never perfectly clear, it’s likely that the reason has to do with high consumer anticipation for Apple’s October 22nd media event, at which the company is expected to unveil new iPads, as well as possibly new Macs (including the new Mac Pro) and OS X Mavericks.
There’s no doubt that Apple’s stock has been struggling for a while now – but anticipation over new hardware and other goodies appears to be just what the stock needed to give it a jumpstart ahead of Apple’s expectedly busy fall release schedule. Great news for Apple investors!