Apple Hits $200

Apple's stocks hit $200 in the middle of the trading day before finishing up at $199.97.  This is a record high for the Cupertino-based company.

It's hard to imagine that only 10 years ago Bill Gates more or less bailed Apple out of serious financial trouble.  What a difference a decade can make.

"Apple shares have traded between $76.77 and $199.33 in the past year, rising steadily since January as investors anticipated and then cheered the release of the company's hybrid cell phone, multimedia player and wireless Internet device, the iPhone. The product went on sale at the end of June."

Apple is rumored to have numerous products in the pipeline for 2008, so we wouldn't be shocked if Apple tops $200 again in the new year.