On Wednesday, Apple's stock price exceeded 300 USD for the first time in their history, largely due to the success of the iPad and the iPhone. The shares of Apple reached 300.51 USD per share a few minutes after the opening bell. By the end of the day, the share was closed at 300.14 USD.
Apple's stock has surged this year, with an increase of 40 percent throughout this year. Meanwhile, Nasdaq's stocks have only increased 1.2 percent this year. This success is largely due to the fact that the iPhone and iPad are continually being successful and popular. With the iPad, Apple has not had to lower the prices of this product despite being released earlier this year. Meanwhile, the iPhone has been a success on the global scale and are continually being bought by new customers.
Apple plans to announce their results for the fourth quarter later this week.
