On Thursday, we reported that Apple (NASDAQ:AAPL) had flirted with the $600 barrier at the day’s open. Today, we can report that Apple has officially closed above the line.
After a record-setting iPad launch and announcing the plans to provide dividends to stockholders, Apple’s stock climbed over 15 points (2.65%) to close at $601.10.
As much as I’d love to link to about 50 posts across the ‘net telling you why you should sell Apple, I won’t. It’s pointless anymore. Apple still has plenty of products in the pipeline, a vision that is baked into the heart and soul of every employee, and investors who obviously feel that Apple isn’t going anywhere. Will we one day see the “Tim Cook Effect” take hold of the company? Perhaps. But I wouldn’t bet on it happening anytime soon.