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

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.

Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.

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