Apple Shares Flirting With $400

Expectations for Apple’s third-quarter earnings were high, and the company handily surpassed them. Little wonder, then, that the company’s share price has been forging higher and higher each day on the momentum. On Monday, Apple shares charted an all-time high, briefly touching $400 for the first time ever during regular trading and flirting with that milestone for the remainder of the day before closing at $398.50.

This is the second time in a week that Apple shares have hit $400 (the last time was during after-hours trading following the company’s Q3 results) and a pretty clear indication of where they’re headed in the months ahead as we near the expected launch of the iPhone 5 and some potentially lucrative carrier distribution deals in China. As Tom Bemis notes over at MarketWatch, Apple’s shares have lately been outperforming gold, which these days has been trading in record territory at $1,600 an ounce and above.