Wall Street cheers iPhone 5, Apple closes at record high

Apple CEO Tim Cook

Never mind the naysayers who are complaining that the iPhone 5 lacks this or that feature. Wall Street couldn’t care less.
Investors bid up shares of Apple almost another 2 percent today, pushing the stock to close at a record high of $682.98. That’s a 3.3 percent climb in two trading sessions.
After yesterday’s iPhone 5 event, a number of already giddy analysts rushed to up their sales estimates and raise their target prices for the stock as it inches its ways towards the $700 mark. One analyst even predicted Apple could top $1,600 a share in three years.
To be fair,…

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About The Author

Vinod Rawat

I'm a very patient listener with positive attitude towards work and life. I'm kind of innovative and creative, I keep learning things and try to implement them to the best use possible. Sometimes I love to write a little and share with the world, sometimes I stay busy at work or family. Professionally I'm a Web & Graphic Designer and also a Pro Marketer. I have over 12 years of working experience in Sales & Marketing, Graphic and Web Design. Explored many areas of business. Sometimes I do love to travel.

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