The AAPL stock closed at $630 yesterday.
It is expected that Apple will unveil the new iPhone 5 on September 12. The Apple stock jumped this week after staying around or under the $600 mark since May. In May the AAPL stock hit a low point of $530. Yesterday AAPL closed at $630.83.
Several analysts have predicted that the Apple Stock will hit $1,000 end of the year or early next year. I would not be surprised if the Apple stock is going over $700 in anticipation of the iPhone 5 announcement in September. We even might see an iPad mini. Both products could earn Apple a ton of money and help propel the stock to the predicted $1,000 mark.
Disclaimer: I own Apple Stock.