“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.”
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