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Apple Soars to Record Amid Optimism About Coming Products

Aug 22 2014, 3:49am CDT | by , in News | Apple

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Apple Soars to Record Amid Optimism About Coming Products
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Apple Inc. (AAPL)’s stock crossed an all-time high, surpassing a 2012 record as investors look ahead to new products

Apple Inc. surpassed its own 2012 record after its stock crossed an all time high in lieu of the anticipation building up within investors who are anxiously waiting for the new products to arrive on the Apple platform such as the larger iPhone and the next gen iPad Air and not to forget the much rumored iWatch smartwatch. All these devices are heavily loaded with anticipation and all the hype surrounding them says that we should be looking forward to some high revenue growth.

Tomorrow morning in New York, Apple soared to a height of $100.77 breaking its own record of $100.72 reached on Sept. 21, 2012 when the iPhone 5 first went up for sale. There was a little change seen at 9:55 a.m. after shares pared some of the gain.

When the first smartphone of Apple was debuted in 2007, the company rose to seven times more fame and in value as well but the stock lost almost a third of its value one year after the iPhone 5 was released. Much of this was attributed to the speculations regarding the company running out of ideas without the support of co-founder Steve Jobs. But now that the analysts have estimated record sales for the upcoming batch of new Apple products, the downward trend seems to be taking a turn for the good now.

source: bloomberg

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