Apple shares broke the US$200 mark for the first time ever on Wednesday, then slipped back under the bar to close at US$198.95.
The Cupertino, Calif., company's stock price breached the US$200 barrier before 2 pm Eastern Standard Time on Wednesday and peaked at US$200.96. Within an hour and a half, however, it had dropped below US$200 again. At the bell, shares were up 15 cents for the day, to US$198.95.
In the last 52 weeks the stock swung from a low of US$76.77 to Wednesday's high of US$200.96. A year ago, Apple's shares closed at US$81.51.
The stock's increase was paced by several significant product launches during 2007, including the iPhone's in June and Leopard's in October, as well as refreshes of its computer and iPod line-ups.
In the same year-to-year period, rival Microsoft's stock price went from US$29.99 on Dec. 26, 2006 to US$36.61 Wednesday, while Google's shares jumped from US$457.53 to US$710.84.