Shares ended the day at $567.90 — representing a 0.5 percent increase on trading.
This number, however, was down from the $575.14 mark Apple stock reached at one earlier point during the day, based on China Mobile officially denying that a deal with Apple is done — claiming that “We are still negotiating”.
A deal with China Mobile is believed by analysts to represent a significant, largely untapped market opportunity — with the belief that Apple would sell an additional 15 million to 20 million iPhones in 2014.
Luke Dormehl is a UK-based journalist and author, with a background working in documentary film for Channel 4 and the BBC. He is the author of The Formula: How Algorithms Solve All Our Problems, And Create More and The Apple Revolution, both published by Penguin/Random House. His tech writing has also appeared in Wired, Fast Company, Techmeme, and other publications. He'd like you a lot if you followed him on Twitter.