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Apple Stock scratches $700 amidst iPhone 5 Sales Record News

Sep 17 2012, 8:32am CDT | by , in News | Apple

Apple Stock scratches $700 amidst iPhone 5 Sales Record News

Apple announced a stunning iPhone 5 sales record.

As reported earlier, Apple set a new iPhone sales record. The company sold 2 million iPhone 5 in the first 24 hours of the pre-order. This is double the sales Apple reached with the iPhone 4S last year in the first 24 hours. The Apple stock jumped over $7 and is scratching the $700 mark in early trading. Several analysts see the AAPL stock reach $1,000 at the end of the year or early next year.

The iPhone 5 will go on sale on Friday at 8am in stores. The iPhone 5 is set to break all iPhone sales records in the coming months. According to an early Geekbench performance report the new iPhone 5 A6 CPU is making it the fastest smartphone on the market.

The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

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