Apple’s stock price closed at an all-time high of $636.34 today, passing the prior all-time closing high of $636.23 set four months ago on April 9th. The next day, April 10th, the stock hit an intraday high of $644 and the company’s market capitalization breached $600 billion before falling back. Apple’s stock price is up nearly 60% on the year, outperforming the NASDAQ by more than 3:1 and the Dow Jones Industrial Average by more than 6:1.
But wait. Remember when Apple missed some Q3 numbers? Stock plunged. Business Insider wrote some headlines in CAPS. It was once again the end of Apple.
Yeah, that was three weeks ago.
What happened to everyone freaking the fuck out? Oh that’s right — they just didn’t understand.