Apple (AAPL) Hits $600 Again

Apple Inc. (NASDAQ:AAPL)'s share price shrugged off news of trouble with regulators in Italy and the low-key results of one of its Taiwanese suppliers, to again air-kiss the $600 price level today.

Up $6.49, or 1.10 percent, the stock just touched $600 and then retracted. It may be in course to take out its earlier high this year of $644 achieved in April. In March, when Apple first hit $600, analysts such as Morgan Stanley projected a price of $1,000 within twelve months.

The situation is not...