Apple announced their fourth quarter financial call for Q4 2012, scheduling it on October 25th, from 2 pm Pacific time (5 pm Eastern). The results should include the successful launch of the iPhone 5, which sold over 5 million units in the first three days it was on sale in the US. In addition, the iPhone 5 was launched in 22 other countries, with 100 more to come in the months ahead.
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You’re probably going to see a lot of stories like this in the coming weeks. Apple stock opened at a record $680 a share this morning, on the first day of trading following the Cupertino company’s massive victory over Samsung on Friday. This surpasses its previous record of $674.88 a share, which was hit last Tuesday, August 21, and it pushes Apple’s market capitalization to a new high of $637 billion.
Last week, analyst Andy Zaky revealed that investors are scrambling to plough their money into Apple before the company releases its iPhone 5, and that its stock price will continue to rise for the foreseeable future. And unsurprisingly, Zaky was right. Apple stock hit an all-time high of $636.64 last Friday, but that’s nothing compared to today’s price of $660.73, which makes Apple the most valuable publicly-traded stock of all time.
Apple stock hit an all-time high of $636.64 per share on Thursday, and today that price continues to rise. The last time Apple jumped above $630 a share was back in April, right before its share price began a six-week decline that knocked $115 off the price — and $100 billion off Apple’s market cap — when it ended on May 18.
It’s unlikely we’ll see a repeat of that now, however. According to one analyst, investors are so keen to plough their money into Apple before the iPhone 5 sends share prices rocketing that there’s no sign of those prices dropping anytime soon.