Apple (AAPL) shares hit record high today at 496.72 and closed at 493.17; up 16.49 from Wednesday February 8th, 2012. The way it is right now, Apple will soon break 500.
The record breaking quarter for fiscal 2012 first quarter might have something to do with it. Apple is expected to release the third generation of iPad before the first half of 2012, then followed by the sixth generation of iPhone. On the rumor mill, Apple is supposedly working on a television set. Apple will still be busy in 2012.
Apple has one interesting product transition that might see the light of day in 2012. Apple has been quietly working on this product for the last six years since the transition to x86 platform. Just like many, it was a skunkworks project that now seems to make sense. We all have to wait and see.
For disclosure I do not explicitly own AAPL stocks or any stocks.