Apple Shares reach record high as the iPhone 5 pre-orders sell out



Shares of Apple updated the record price at Nasdaq on Friday amid reports, the entire first batch of the iPhone 5 smartphone pre-orders was issued about a an hour, according to the exchange.

The course of the company’s securities was raised during the trading day to $696.98, a record for Apple indicator. Value of the shares closed at Nasdaq was $691.3 for a security, by 1.22% over the previous close.

One reason for the growth in prices was the message that the estimated time of delivery of the new smartphone iPhone 5 has increased the U.S. Apple online store for up to two weeks later, about an hour after the start of pre-orders for the device on Friday, writes Reuters. This indicates that the first batch of smartphones already reserved by buyers.

Delivery time smartphone buyers in the UK, France and Germany, in the order of two to three weeks, according to the online store Apple. However, noted by the media, it is not clear whether the speaker displays pre-orders for iPhone 5 in high demand, or Apple has problems with deliveries. Recall that the pre-order prior to the smartphone iPhone 4S has been issued more than one million times in the first day.

“Clearly, the iPhone 5 fever is in full swing. When the company opens a pre-order, the last thing she wants to do – is to frustrate customers. Therefore obvious that they are overwhelmed by demand,” – says the analyst of the Topeka Capital Markets Brian White (Brian White).


Apple introduced the iPhone 5 with a larger screen, metal housing and a monolithic support of LTE-networks on Wednesday. Although the iPhone 5 did not bring revolutionary innovation, analysts believe that Apple will sell 10.7 million new smartphones during the first ten days after its world debut, it will be possible thanks to an aggressive plan is starting.

By year end, the company can realize more than 42 million iPhone 5, according to experts interviewed by Reuters. However, some analysts warn of the possibility of delays in the supply Apple, which can slow growth trend.

Sales of the new iPhone will begin on September 21 in the U.S., Australia, Canada, France, Germany, UK, Japan, Singapore and Hong Kong. A week later, the geography of sales devices will be extended for another 22 countries, including most of Europe. No specific information about running smartphone in some countries yet, but, according to Apple leaders, by the end of the year, the new iPhone 5 will be sold in more than 100 countries.

Capitalization of Apple – the most expensive of the world – is estimated to date in 648 billion. Analysts believe Apple stock price target for the next 12 months the level of $750 to one thousand dollars.[via Reuters]

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