Apple shares reach year's best

MarketWatch is reporting that Apple's shares reached a 52-week high of $87.95 today, apparently fueled by furious rumors of - you guessed it - an iPhone. I'm sure the report that Hon Hai received a manufacturing order from Apple for just such a device isn't doing anything to stop people from losing their investing sense either. If the iPhone is really going to happen, the word on the street hasn't changed from "the first half of next year" yet, unless you consider this latest momument to craptastic journalism from AppleInsider about a second iChat-based iPhone already in the works (seriously guys: try drawing the line somewhere - for once).

As usual, you'll hear more as soon as we do.

[via MacMinute]
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