Apple’s preordering figures in the Apple Store would have certainly encouraged the growth, with 2 million pre-orders in the first 24 hours of availability.
The stock closed at $699.78, but further growth in the near future is pretty much guaranteed with record-breaking sales expected for the iPhone 5 when it is released on September 21st.
- iPhone 5 Announcement Could Drive Apple Inc. (AAPL)’s Stock Above $700 (valuewalk.com)
- Apple and the iPhone: Buy the Smartphone, Sell the Stock? (forbes.com)
- Apple’s (AAPL) iPhone 5 Supply Exhausted Within 60 Minutes (wallstreetpit.com)