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Apple Stock to reach $700 before iPhone 5 Announcement?

Aug 16 2012, 3:58am CDT | by , in News | Apple

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Apple Stock to reach $700 before iPhone 5 Announcement?

The AAPL stock closed at $630 yesterday.

It is expected that Apple will unveil the new iPhone 5 on September 12. The Apple stock jumped this week after staying around or under the $600 mark since May. In May the AAPL stock hit a low point of $530. Yesterday AAPL closed at $630.83.

Several analysts have predicted that the Apple Stock will hit $1,000 end of the year or early next year. I would not be surprised if the Apple stock is going over $700 in anticipation of the iPhone 5 announcement in September. We even might see an iPad mini. Both products could earn Apple a ton of money and help propel the stock to the predicted $1,000 mark.

Disclaimer: I own Apple Stock.

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