Shares of Apple Inc. have hit and surpassed the $600 mark US for the first time, as investors anticipate for release of the third-generation iPad. Company’s latest iPad goes on sale in Canada, the U.S. and 10 other countries.Apple’s stock price shortly touched $600 Thursday morning. This could be marked as first time ever in Apple’s history to hit high price. The rise in price of Apple’s stock is mainly due to release the third-generation iPad at retail. Also there could be another factor that, a report from by Morgan Stanley on Wednesday; Apple share could touch $1000 by end of 2013 predicted by an investment bank.
Apple’s new tablet is expected to sell about 1 million in its 24 hours on sale. Apple is currently the world’s most valuable company at a market capitalization of about $553 billion. Apple’s share price has risen up by 50% ever since the co-founder and former CEO Steve Job died in October. Apple sold and had a record of 15.43 million iPads in the last three months of 2011, up to 4 million from the prior three month period.