Tech investors returned their focus to Apple
shares Thursday, pushing the stock up $13.32, or 2%, to $683.11, an in
afternoon trading, an all-time high.
Apple
continues to increase its status as the world's most valuable company.
The computer and gadget maker Wednesday unveiled its latest
smartphone,the iPhone 5, which adds many of the features that have
become standard with high-end smartphones. Apple also announced it is
changing the size of the port used to connect the iPhone to other
devices.
It's considered a game-changer for travelers, in addition to the many other updates Apple is touting.
Investors
hope the updated iPhone will help Apple regain ground lost in recent
years to smartphones made using Google's Android operating system,namely
those manufactured by Samsung.
Apple shares
previously hit a record high of $680.44 set on Sept. 7. Shares of Apple
have soared 68% this year and Wall Street analysts are still extremely
bullish. Of the 40 Wall Street analysts who cover the stock, 39 rate it
either a "strong buy" or a "buy" and one just rates it a hold.
USA Today