iPhone 5 Took Apple Stocks All-Time High
New iPhone 5 and its hype with the anticipation of Apple fans, the Cupertino company shows a result of shares with rise of more than 12% and is hitting as an all-time high in trading. While, just a month before these stats, Apple shares after the Q3 earnings had disappointed the bean counters.
Jefferies & Co. have raised the price for Apple from $800 to $900; and Cupertino’s valuation tops $600 billion now.
Everyone is holding their grips tight and waiting for iPhone 5, the biggest secret in techdom to take its launch. Peter Misek, analyst at the Jefferies upgraded the price for Apple and explained his feelings for the upcoming aka iPhone 5’s launch as, “the biggest handset launch in history”.
Gene Muntser, former longtime Apple analyst gave a notion that Apple would be set to sale of iPhone 5, selling 26 million devices to 28 million in September quarter, and that within the 10 days of apple new iPhone 5’s launch.
Here’s the link to view the graph clearly; http://www.wikinvest.com/stock/Apple_(AAPL)/WikiChart
There’s a lot more to expect and hype the excitement with; for now let’s wait for the biggest history to just happen!
Here some other stats concerning Apple and its shares:
- Profit margin: 26.97%
- Operating margin: 35.62%
- Return on equity: 44.32%
- Quarterly revenue growth (year-to-year) 22.6%
- Gross profit: $43.82 billion