Apple stock price reaches record high after iPhone 4S sales frenzy

Apple have seen their stock price soar to a record high this week, following news that the Cupertino company had managed to shift a massive four million of their new iPhone 4S handsets in just its first three days in shops.

Shares hit a high of $426.70 early on Monday morning, up by $4.70 on Friday’s closing figure. Figures have slid a little since then, but it remains the best price Apple stock has ever reached.

According to All Things Digital, Apple shares have risen 97% in 2011 alone, which despite the sad news of Steve Jobs passing, has proved to be Apple’s best on record, managing to briefly overtake Exxon Mobil as the world’s most valuable company.

It’s also (at least for now) laid to rest fears that Apple’s fortunes would decline following the death of their co-founder Jobs.

Via: All Things Digital