Score!! Apple Inc. (NASDAQ:AAPL) hits the big 700 finally. Seconds after the market closed on Monday, Apple shares touched $700 in after trading. Over the last few days, Apple Inc. (NASDAQ:AAPL)’s share price has been edging steadily towards its all time high. As we, and many others predicted earlier, after iPhone 5 release Apple could jump to a new level at any time within the next week. It has finally happened within less than 4 trading days. On September 12, the day when iPhone 5 was released, Apple Inc. (NASDAQ:AAPL) closed at $669.79, up from the opening price of $666.85 earlier that day. Today trading began with $694.65 and then hit $700 just moments after the closing bell. The increase is a 5 percent leap from the pre iPhone 5 value. Given Apple’s impressive history of stock upswings that were witnessed after the release of iPad 2 and iPhone 4, the 5 percent jump looks small, but as it is a whole new set of numbers, it looks truly fascinating.
Apple Inc. (NASDAQ:AAPL) began CY2012 with $409.40, at $700 the stock has appreciated approximately a whopping 71 percent. Whoa! If Apple achieves similar leaps, which is highly likely, Gene Munster’s $1000 valuation will materialize very soon in the future. Apple’s rivals, Google Inc (NASDAQ:GOOG) share price has increased ($652.94 to $710), a teensy 8.7 percent year to date in comparison. Microsoft Corporation (NASDAQ:MSFT), is up 19 percent for the year so far.
At this year's SALT New York conference, Cathie Wood, founder, and CEO of ARK Investment Management LLC, spoke about her view on Bitcoin, the outlook for Tesla and Ark's investment process. Q2 2021 hedge fund letters, conferences and more The investment manager explained that the team at ARK has a five-year investment horizon, with a Read More
Apple Inc. (NASDAQ:AAPL) is breaking records everywhere, the company caught 2 million in preorders in 24 hours. “The customer response to iPhone 5 has been phenomenal,” said Philip Schiller, Apple’s senior vice president of world-wide marketing, in a press release Monday. The present sales break the previous record of iPhone 4S, which notched 1 million orders over the same time period. There is no stopping this bullet train of a company.