Correction: An earlier version of the story said Apple shares reached an all-time high. The stock reached a 52-week high.
The U.S. Patent and Trademark Office published 48 newly-granted Apple patents, one of which is for a curved touch screen display that would likely be used for a smartwatch, a fitness band or another wearable product. No current Apple products use such a display.
Apple filed patent 8,808,483 in the fourth quarter of 2010.
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The stock hit a high of $100.18 as of 12:15 p.m. Apple hit a closing high of $702.10 in Sept. 2012, which is the equivalent of $100.30 after accounting for the 7-for-1 stock split the company completed in June, according to The Wall Street Journal. The intraday high was $705.07 on Sept. 21, 2012, which is the equivalent of $100.72 in today's split-adjusted terms.
Separately, TheStreet Ratings team rates APPLE INC as a "buy" with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."