Apple Shares Hit All Time High Ahead of iPhone Launch

Earlier today, Applesent out press invitesto its iPhone launch event on September 12. The event is scheduled to take place at the Steve Jobs Theatre at Apple’s new Apple Park campus.

Riding on speculation that the company is gearing up to launchthree new iPhones this year, Apple’s sharerose up to an all time high of $228at one point today. The company is widely expected to unveil quite a lot of hardware at the event including thethree new iPhones(two of whichleaked earlier today), theApple Watch Series 4(which also leakedearlier today), along with anew iPad Pro, and refreshediMac and iMac Pro workstation desktops.

The Cupertino giant is expected to a have a good year with iPhone sales this time around, a speculation furthersupported by a recent surveythat mentionedaround 50% iPhone users in the US are looking forward to upgrading their iPhones this time around.

Of the three iPhones that Apple is expected to launch this year, two are rumored to beOLED touting models with a 5.8-inch and a 6.5-inch displays, and will probably also come in gold colors as suggested by the leaked image from today, and the fact that Apple had sought permission from the FCC to launch gold color variants of its iPhones. The company isexpected to launch a third iPhone with an LCD screenwith an aggressive pricingexpected to start at $699.

Recently, US investor Warren Buffet also said that he has purchased even more of Apple’s stock, and expressed his opinions on the pricing for the iPhone X. He said that the iPhone was “enormously underpriced” seeing as it is indispensable for so many people.

Akshay Gangwar

Greetings, tech titans and fellow literary time-travelers! I’m Akshay, your tech-whisperer and Harry Potter’s number one stalker – seriously, don’t ask me how many times I’ve read those books; it’s borderline unhealthy.

Working in the tech journalism industry since 2016, I have 7 years of experience covering everything from technology news, to well-researched resource articles. Now the Content Strategist at Beebom, I often pen down op-eds for our website, sharing expert commentary on the latest in technology, AI, and electric cars.

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