“Growing speculation and leaks in the media are feeding into expectations by investors, who remain highly keyed on the next update of what has become Apple’s largest product, accounting for a majority of both revenues and profits in the first nine months of the current fiscal year,” Gallagher reports. “The stock has picked up nearly 12% following a short-lived selloff that resulted from its July 24 earnings report, which showed a sequential decline in iPhone sales ahead of the new launch.”
Gallagher reports, “The device expected to be designated as the iPhone 5 is believed to feature a redesigned, thinner body, larger touch-screen and the ability to connect to the latest generation of LTE networks. It will also feature the iOS 6 version of the mobile operating system that Apple previewed in June and set for a launch date of ‘this fall.’ …Recent media reports say the company is planning a Sept. 12 event to announce the new iPhone ahead of a market launch later in the month, likely adding to the company’s results for its fourth fiscal quarter.”
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Apple shares hit new all-time intraday high – August 17, 2012