Apple's High-Flying Stock: Can It Continue?

In early morning trading Apple's stock has been up some $7 per share, leaving the stock trading at a whopping $635 per share. Yesterday, however, before a broad market declined over European debt fears, the stock hit another all-time record of some $644 per share, giving Apple another record: the second company, after Microsoft, to ever hit or surpass the magical $600B capitalization mark!

This is truly amazing, as the BBC also noted, when you consider that Apple's stock was trading for a measly $3.19 in 1997, a time when the company was also facing the stark and very real prospect of bankruptcy.

Amazingly, even despite problems over the recent FlashBack security issue, or the iPad's so-called heat issues, or its Foxconn worker issues, or issues with the iPhone 4S's battery, or even a recent stock downgrade, Apple's stock seems to be defying the odds. Some are even calling for it to reach the lofty heights were we could see Apple go to a whopping $1,001 dollars or higher, with some even contending that there is a real case for Apple possibly becoming the first and only company in history to ever hit the unthinkable market cap of $1,000,000,000,000 ....... yes, that's one trillion dollars boys and girls!

In conclusion, I, of course, have no idea whether Apple's stock can continue to soar as it has been doing. After all, there's no guarantee that any company, including Apple's, can defy the odds forever and continue to perform as Apple has been able to do, but it's sure fun watching to see just how far and just how high it's stock and market cap can go, and it's also easy to see why NBC's analyst, Jim Cramer, is calling Apple's stock the, “greatest growth stock of our lives.”

And that's my 2 cents 4 this dreary Wednesday, April 11, 2012

Opening graphic via: HotHardware