The iPhone 5’s announcement has caused Apple’s shares to jump at another all-time high.
Apple had already surpassed share price records set by Microsoft before the iPhone 5 was revealed, and now their shares have neared the $700 per share mark.
Apple shares closed with an increase of 1.2 percent at $691.28 on Nasdaq. Before that, though, an all-time high of $696.98 was achieved.
Topeka Capital Markets analyst Brian White said on the “iPhone 5 fever”:
Clearly, iPhone 5 fever is in full swing. When you do a pre-order, the last thing you want to do is upset customers, so obviously they are overwhelmed with the demand. No one wants to sell out in an hour.
So what’s the forecast for the growth of Apple’s financial success following the iPhone 5’s launch? It’s expected that the firm will make history once again by becoming the first company in history to be valued at $1 trillion.