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 tech giant narrowly missed its intraday high of $100.72 on Sept. 21, 2012 with an intraday high of $100.68 on Tuesday. The intraday high was $705.07 on Sept. 21, 2012, which is the equivalent of $100.72 in today's split-adjusted terms.
Must Read: Warren Buffett's 25 Favorite Stocks
The stock rose thanks in part to Morgan Stanley, which advised investors to add to their positions in the stock ahead of the release of the iPhone 6 and the long-rumored iWatch.
RBC Capital forecast Monday that Apple would sell 10 million iPhone 6 units in its first weekend. This would mark a company record, as the previous iPhone version sold 9 million units in its first weekend last year. The firm increased its end-of-year iPhone 6 sales estimates to a high of 75 million from a previous estimate of 56 million units.
Apple also received a patent Tuesday that could remove a roadblock to the iWatch. 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.