While Netflix stock tanks, Apple's having a jolly good time in today's market, hitting a new all-time high, AllThingsD's John Paczkowski reports. "Shares in the company rose well over 2 percent Monday, sending its stock price as high as $411.50--well above its all-time high close of $403.41, set back in July." Paczkowski thinks the spike has something to do with "the market’s continuing faith in the company after founder Steve Jobs stepped down as CEO in late August." But we're thinking it might have more to do with the upcoming iPhone 5 release, which looks "weeks away," as we reported.
This article is from the archive of our partner The Wire.