“Apple shares hit a new high on Monday as the company’s shareholders shrugged off broader tech market weakness,” James Rogers reports for TheStreet.
“The tech giant briefly reached a new high of $411.50 despite nervousness elsewhere in the sector, which pushed the Nasdaq down more than 1%,” Rogers reports. “Even amid worries about consumer spending, Apple’s next-generation iPhone looks set to continue the tech giant’s upward trajectory, likely fueling investors’ bullishness.”
Rogers reports, “Initially expected to debut in September, chatter continues to swirl around the new iPhone. In a note released on Monday, for example, JPMorgan predicts that Apple may launch two new iPhones during the fall.”
Read more in the full article here.
Good if not better than gold.
To the moon Apple!
Even gold’s rise could not keep in step with Apple’s rise.
wow. I am really surprised by this. It is as if a switch was thrown somewhere because usually apple falls off a cliff with the broader market.
AAPL shorts are hurting today.
And what happens to the share price if iPhone5 isn’t released????
Apple hasn’t commented, and there are currently very divergent reports of iPhone5 being imminent, or no activity at all. Seems awfully speculative to me.
Is there any doubt as to whether the iPhone 5 will be released?
The price hike is probably for the iP5. Brokers calculating that into the price now assuming it will be out in Oct.
Plus Macs kicking ass. iPad selling like hotcakes.
I hoping it will go up to 432 soon which will be make it 600% increase since I went all in.