Apple’s stock closed at an all time high and beat record of 2012. The investors are quite hopeful from the launch of new products like big-screen iPhones and wristwatches. These products can play a vital role in the rise of revenue.
Apple ascended 1.4 percent to $100.53 which broke the highest record of 2012. On the 19th of September 2012 Apple rose to $100.30 before the launch of iPhone 5. This year the shares mounted up to 12 percent.
Apple stock shook off a third of its value as soon as the iPhone 5’s got released. Most people believed that it happened since the Steve Jobs was not there to support the company.
Presently, analysts predicted that the new batch of iPhone would generate a great revenue for the company. The launch of this batch is expected at the end of the year 2014. According to a spokesman for Apple the company has designed a huge production strategy for the two upcoming smartphones. These smartphones are especially designed for the rivals since they contain quite large screens.
The increase in stock demonstrates that Tim Cook, CEO is successful in convincing its investors through the new strategies. Cook’s strategy is to give extra money to the stockholders and setup new devices.
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