Analysts seem to be perpetually disappointed no matter how many sales records Apple breaks, but the company’s market value has steadily climbed over the last year. Today, just before the markets closed, Apple’s stock (AAPL) price passed $600 USD for the first time since November 2012, and it closed the day out at $600.96. The price has since hit $602.50 in after hours trading.
Shortly before the stock markets closed this evening, news broke that Steve Jobs would be stepping down as CEO of Apple. This news came as a shock to many in the Apple community, and that shock seems to have also affected Apple stock price in after-hours trading.
Although Apple is now attempting to silence the week-old mutiny over its new Final Cut Pro X app, the release has spooked many video professionals in the industry and reopened a few old wounds -- including those of a former Shake product designer who claims the company doesn’t consider pros as its “primary business.”
As inexpensive as the iPhone has become over the last four years -- with last year’s iPhone 3GS going for as little as $49 new with a two-year AT&T contract -- many are still holding out hope for a prepaid model. According to one analyst, their prayers may be answered when Apple rolls out the new model this fall.