Apple Stock Hits $211

Merely a few days ago, we reported that Apple stock was rising on tablet rumors. Today we found Apple stock reaching $211 which puts Apple in a very strong position in the technology world. According to BusinessWeek, software downloads for Apple mobile devices has grown a solid 51 percent in the month of December. The article goes on to point out that while Apple is seeing amazing success here, the company fully believes there is still much room for future growth as the Apple tablet is poised to pose a threat to the Amazon Kindle’s own future.

What does this mean to you?

There has been a lot of speculation with Apple recently, especially related to its stock and high valuation. But as others have mentioned, Apple has stumbled on a way of selling virtual goods that are so unique and accessible that it is unlikely that we will see the stock taking a dip anytime soon. Unless of course the Apple tablet turns out to be a complete bust…like Apple’s iMac problems, for instance.

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