The Cupertino tech giant has broken a new record: the company’s shares pushed over $500 within 15 minutes on Monday.
At the end of Tuesday, the stock was worth $502.60, up 1.86% over the closing price on Friday.
Driven in particular by record sales during the Christmas holidays, Apple has shown an increase of 24% since the beginning of the year.
The excellent sales of the iPod, iPhone, and iPad have helped Apple boost profit.
Text messages from an unknown number soliciting cooperation in beta testing the iPhone 5 have spread on the internet lately. The text claimed that Apple is seeking 1,000 testers for text messaging on the iPhone 5.
Unsolicited texts and posts on social-networking sites quickly spread on the net starting earlier this month.
“Apple needs iPhone5 testers:The first 1000 users who visit http://celltestnkeep.com and enter code 1000 will get to test & keep the new iPhone5,” the text read.
Apparently, the messages are a hoax meant to generate traffic to websites that have no connection with the iPhone 5 or Apple.
Sterne Agee analyst Shaw Wu predicts that the upcoming iPhone and iPad are bound to offer 4G LTE technology.
In a note to clients, Wu said, “We are frankly not surprised as this is consistent with our supply chain checks inmid-January. As we had commented then, we believe the upcoming iPad refresh could be significant with notable new features including a 4G LTE wireless, beefed upprocessor, higher resolution screen, and Siri voice recognition.”
The analyst also believes that the iPhone 5 will likely feature LTE.
“We view the potential inclusion of 4G LTE for iPad as a positive and a good indicator that the upcoming iPhone 5 refresh in the fall time frame will likely include this key feature as well,” the analyst estimates. “We continue to believe that AAPL is positioned to outperform in this tough macroeconomic environment with its defendable strategic and structural advantages and its vertical integration.”
Citing market research firm Gartner Inc., ibtimes.com estimated earlier last week that the iPhone 4S’ gradual loss of popularity would eventually force Apple to plan an earlier launch for its next iPhone.
As the interest in the iPhone 4S will gradually wear out, Apple will get back to basics and plan a summer launch, in line with the company’s iPhone launch history, instead of the rumored fall release date.
A couple of months ago, reports surfaced stating that the iPhone 5 could be released on October 5, 2012, to commemorate Steve Jobs’ death.
Rumors pointing to a summer launch appeared in late January, when an anonymous source at Apple’s China-based supplier Foxconn, cited by 9to5Mac, claimed that several samples of the future smartphone have entered production and that the iPhone 5 could be launched during Apple’s World Wide Developers Conference set for this summer.
Earlier this month, Daiwa Securities provided a screenshot of the leaked calendar from San Francisco’s Moscone Center, hinting that the event could take place between June 10 and June 15, thus narrowing down the dates of a possible iPhone 5 launch.
Spring 2012 was also seen as a possible launch date as that is when LTE technology was rumored to be available.