Apple Share Closed At $699.80, Up Over $8, Or Over 1% Last Day

Posted on Sep 18 2012 - 5:07am by Editorial Staff

With Apple’s new iPhone, the iPhone 5 availability for preorder in nine launch countries and broke sales records last week with moving over 2 million units in the first 24 hours on the market. In regular trading closed last day, the Cupertino-based giant closed at $699.80, up over $8 or over 1%. According to MacRumors, Apple share is up $270 per share in the previous 9 months, a hefty percentage gain.

Recently, according to market researcher IHS iSuppli, Apple is headed for a recorded quarter for iPhone sales. The fourth quarter will be huge, iSuppli said in a research note today. “Apple’s biggest quarter for iPhone sales in history.” The new iPhone will drive Apple’s smartphone shipments in 2012 to 149 million units, up 60 percent from 93 million in 2011.

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.