AAPL Closes Above $400 for the First Time in Two Months

Apple has had a pretty good year as a whole, even after grappling with the passing of Steve Jobs in October, and has risen to close above $400 a share today for the first time in nearly two months.

The company is now up nearly 25% for the year, and continues to show strength, even after exhibiting such rare behaviors such as missing earnings estimates (leading up to the iPhone 4S), and missing their own release deadline for iTunes Match.

All in all, Apple is doing very well, and although they’ve been ousted by Exxon Mobil as the most valuable company in the world, will likely firmly regain their position in the coming year.

J. Glenn Künzler

Glenn is Managing Editor at MacTrast, and has been using a Mac since he bought his first MacBook Pro in 2006. He lives in a small town in Utah, enjoys bacon more than you can possibly imagine, and is severely addicted to pie.