Apple stocks continue to hit new highs in the run-up to its Annual Shareholder's meeting on April 20.

Apple closed at $144.1875 per share yesterday, a rise of $9.12 since Tuesday. This rise reflects a rally on stocks traded across the NASDAQ Index, which gained 153 points during the day. Other major gains included AOL, Cisco Systems, Intel and Motorola.

Apple recently expanded its distribution chain, announcing a new alliance with Tech Data. This indicates the rising demand for its products. 26 analyst firms now rate the company’s stock as a "buy".

Apple’s shareholders will be asked to vote for a stock-split at the Annual Meeting. If agreed, the value per diluted share would still be double the value per share this time last year.