“Apple Inc. shares rose in active trading Wednesday evening, adding to dayside gains following the company’s unveiling of its new iPhone model,” Carla Mozee reports for MarketWatch.
“Evening-traded Apple shares were up 0.3% at $671.80,” Mozee reports. “They closed the regular session higher by 1.4% after Apple introduced iPhone 5 at a company event in San Francisco, saying the device is 18% thinner and 20% lighter than the iPhone 4S. Apple designed a new chip for the iPhone 5, and the phone has a 4-inch screen.”
Mozee reports, “Last week, shares of Apple hit an all-time high above $683 ahead of the expected introduction of the iPhone 5. The shares have climbed 65% this year.”
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