Apple stocks soar as iPhone 5 release date nears
Cupertino based tech giant Apple stocks soar as iPhone 5 release date nears. Experts believe that it may touch $800 per share with new iPhone version’s launch
By Raaj Datta
Apple closed at $670.20 September 5, losing around 4 points than the previous day’s $674.97. The loss is insignificant and indicates that Apple is not affected by the bombardment of smartphone launches all around.
Apple has sent out invitations for their September 12 event which finally confirms the intention to launch the next-generation iPhone. Apple has not given any insights into the event, but it is almost certain that the event will focus primarily on the launch of the iPhone 5, but there might be parallel launches as well.
Apple’s competitors had marketing campaigns designed even before the actual launch, but the iPhone 5 appears to be undeterred with so much going around. So far, Apple has maintained a low profile when it comes to launches.
The past month has been especially good for Apple when it banned some of the important devices from Samsung. Apple was not content with just that and now seeks a ban on the Galaxy S III, plus the recently launched tablets from Samsung. The South Korean technology giant has vowed to fight back but is yet to find any favour from the U.S. courts.
Market experts believe if Apple launches the much awaited iPhone 5 on September 12 and starts shipment by September 21, there could be an exponential surge in Apple’s fourth quarter earnings.
Apple is already on a strong footing and the insignificant drop in the share price calls in for a comparison with its rivals who lost significantly. At the same time, it should be taken into consideration that Apple’s competitors launch multiple devices at the same time, whereas Apple restricts itself to just one major device. This ensures all efforts go into one place to come out with a better device each time.
Nokia launched two Windows 8-based smartphones, Lumia 820 and 920, both which are good but fall short of the promises. The phones will launch in some of the markets initially in the fourth quarter. Google-owned Motorola also unveiled the Razr Maxx HD, Razr HD, and Droid Razr M, all of which are of course Android-based. The phones will release September 13 and will face tough competition from all around, especially the iPhone 5 whose hype is seemingly invincible.
Updates on Apple’s shares
At the time of posting this article, Apple shares were at $672.60, which is 2.27 points higher than yesterday’s $670.20. This shows Apple’s ability to bounce back almost immediately, but the day is far from over and there’s a lot that can happen. There’s a possibility that the share price could end up pretty much the same as last day’s trading.
Meanwhile, the rumours about the next-generation iPhone and the patent war with Samsung seems to be working in Apple’s favour, at least where the stocks are concerned.
Apple is currently the most valuable company in the world, but being on the top is a huge challenge. Both investors and customers are guided by the future line of products, and the much awaited iPhone better live up to the expectations.
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