Apple shares rose to a 52-week high of $283.78 on Monday.

That figure was an all-time high during yesterday's trading, before closing at $283.23, a gain of 2.85 per cent.

The Associated Press noted, Apple's share price has been climbing steadily since the stock market lows of March 2009.

Meanwhile, Kaufman Bros analyst Shaw Wu lifted his price target for Apple shares to $374 from $350, citing strong iPad demand.

"Wu now estimates Apple will have sold 5.7 million iPads during the quarter, up from a previous forecast of 3.6 million. He trimmed his MacBook estimate only slightly, to 3.8 million from 3.9 million," AP reported.

Apple started selling the Wi-Fi version of the iPad in China last Friday, the world's largest Internet market.

Apple iPad

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