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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 been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.