Apple stock rocks over $300 mark

Steve Jobs will be cracking open the wheatgrass and alfalfa smoothies this afternoon as Apple stock reaches its highest price ever.

The shares started out this morning at a smidgen over $300 and are rising steadily, no doubt on the strength that the Cupertino company's earnings report - due next week - is expected blow standing estimates out of the water.

Apple's two newest gadgets, the iPhone 4 and the iPad, have gone beyond everyone's expectations in terms of sales and the company's manufacturing partners are still rumoured to be struggling to keep up with consistent demand.

Today's news comes after several months during which Apple has traded blows with Microsoft, regularly exchanging places as the top tech company (in terms of bucks in the bank) in the world.