“Apple shares have climbed back to $400, up nearly 3% today, as analysts cheer word that people are actually interested in buying the iPhone 4S,” Mark Gongloff reports for Bloomberg.
“The stock of the biggest US public company was last at $400 a share intraday on September 29,” Gongloff reports. “They suffered an unusual two-week tumble ahead of the October 4 unveiling of the iPhone 4S and then fell even further after said unveiling disappointed hopes for an iPhone 5.”
Gongloff reports, “But Apple shares have rallied hard in recent days, which some called a tribute to the late Steve Jobs, but also driven by word that there might be more demand for the iPhone 4S than the ‘we were promised jetpacks’ crowd realized.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]