Today, for the first time since October 2012, Apple’s stock price has closed above the $600 mark. Apple’s stock price increased by $8.38 today and closed at $600.96. The company’s stock has shown major recovery since their share price dropped in June 2013.
The price increase is likely due to the 7-for-1 stock split the company announced, which will come into effect next month. The stock split allows more investors to have the opportunity to invest in Apple.
Apple will host its annual WorldWide Developers Conference in June, where the company is expected to preview iOS 8 and Mac OS X 10.10. The fitness and health-focused iWatch is expected to be announced alongside the next-generation iPhone in the second half of the year.