Never mind the naysayers who are complaining that the iPhone 5 lacks this or that feature. Wall Street couldn't care less.
Investors bid up shares of Apple almost another 2 percent today, pushing the stock to close at a record high of $682.98. That's a 3.3 percent climb in two trading sessions.
After yesterday's iPhone 5 event, a number of already giddy analysts rushed to $1,600 a share in three years.and raise their target prices for the stock as it inches its ways towards the $700 mark. One analyst even predicted Apple could top
To be fair, today's Apple rally wasn't entirely pinned to the prospects of booming iPhone sales and profits. The entire market rose after the Federal Reserve unveiled a long-awaited package of steps to spur economic growth.
All the latest Apple news, featuring developments on the iPhone, iPad, Macbooks, OS X and much more.
Apr 30Merriam-Webster uses Apple fans to define 'sheeple'
Apr 28Apple stops paying Qualcomm's patent royalties
Apr 27Apple spied testing self-driving tech in a Lexus RX
Apr 27iPhone 8 could lose the Gigabit LTE that's inside the Galaxy S8