Apple stock hits all-time high as investors anticipate iPhone 5 and iPad mini

Apple Stock Record High

Shares of Apple (AAPL) stock hit a record high on Friday as analyst chatter regarding several upcoming Apple products excited investors. Apple shares climbed as high as $648.19 on Friday and closed up 1.85% at $648.11, pushing Apple’s market capitalization back above $600 billion. Anticipation of the next-generation iPhone — which is expected by nearly every Apple analyst to be the company’s biggest-ever launch — alongside claims from Jeffries analyst Peter Misek that Apple’s iPad mini and “iTV” are already in production sent the stock soaring in pre-market trading. Momentum then carried it to a high of $648.19 shortly before the market closed. Apple reportedly plans to unveil its next-generation iPhone during a press conference on September 12th. The iPad mini may also be announced at the event alongside a new iPod nano.

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