Apple Inc. (AAPL) shares hit a record high on Friday, helped by the euphoria created by the next version of the iPhone, which was unveiled earlier this week.
The Cupertino, California-based company on Wednesday introduced iPhone 5, which is 18% thinner and 20% lighter than its predecessor - iPhone 4S. The iPhone 5 sports a 4-inch "retina" display, contains a blazing fast A6 chip and supports the high-speed 4G LTE wireless network.
Apple began taking orders for the iPhone 5 at midnight Pacific Time on Friday, with shipments scheduled to begin on September 21.
"Pre-orders for iPhone 5 have been incredible," said Apple spokeswoman Natalie Kerris. "We've been completely blown away by the customer response."
Apple shares touched an all time high of $696.98 in intra-day trading on Friday and closed the day's regular trading session at $691.28, up $8.30 or 1.22%.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.