Apple Stocks Surge To Highest Price Ever Monday

Despite worries of how Apple stocks would bode post-Jobs, the company reached its highest stock price ever Monday: $413.23 in intraday trading.

The shares closed at $411.63 apiece. That’s 3.2 percent higher than when the market closed on Friday, lifting the company's total value to $383 billion. It also marks a large leap from what the stock price was the day Steve Jobs resigned as CEO, or $373.72 apiece.

Apple now seizes the title of the world’s most valuable company. Exxon, whose market cap is $358 billion, is now in the number two spot. Its stock dropped one percent on Monday.

Why the sudden surge? Some speculate that Apple’s stock price spike has to do with JPMorgan’s Monday prediction that the company would be releasing two new iPhones this fall. One, an iPhone 5, would be “lighter and slimmer” and boast reception around the world.

An improved iPhone 4 would also target the growing Chinese market, where Apple sales have grown 600 percent in the past year.

Apple has hit a lucky strike amid a troubled world economy. The rest of the stock market lost 108 points over fears about Greece and the declining Euro.