Apple Stock To Reach $700 Before IPhone 5 Announcement?

Posted: Aug 16 2012, 3:58am CDT | by , in 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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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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