We are exactly one week away from the September 12 Apple Event unveiling the iPhone 5.
Yesterday Apple confirmed what was rumored already a very long time. The iPhone 5 Event will take place on Wednesday September 12. Apple will unveil the iPhone 5 in the Yerba Buena Center for the Arts in San Francisco at 10 am PDT. The event confirmation sent the Apple Stock yesterday over the $670 mark. In pre-market trading the Apple stock stands at $675 today. I think we will see the Apple share value go over the $700 mark on September 12.
If everything that is rumored so far about the iPhone 5 will be confirmed, then the Apple stock will reach that goal. In case Apple has some sort of cool surprise it might even go higher. Some analyst predict since a while that the Apple stock could reach $1,000 by year end or early next year.
Disclaimer: I own Apple Stock.
About the iPhone 5:
Rumored features of the new iPhone 5 include a larger screen, A6 CPU, iOS 6, small dock connector, 4G LTE and NFC. The overall design would not change dramatically. The backside material is not glass anymore as Apple introduces a unibody design. The rumors also say that the iPhone 5 is very thin.
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