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Apple Inc. shares

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The Apple Inc.’s conference on quarterly earnings turned out to be a curtain raiser on the devices to be released later this season. Apple CEO Tim Cook revealed that a follow-up to iPhone 5 will be launched by the end of the year. He also reiterated that Apple’s position as a market leader in the smartphone and tablet form factor was the ‘distinct and unique’ advantages it had due to hardware/software and services skills

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The New iPhone 5, the latest smartphone of Apple Inc., will go on sale at company’s retail stores in the U.S. at 8 a.m. local time on the 21st of September. The newest Apple Inc. smartphone will be also sold at AT&T, Sprint and Verizon, and retailers such as Best Buy, Radio Shack, Target and Wal-Mart as well. The New iPhone 5 will have its premiere in 22 more countries on 28th of September, just one week after the “big day” in the U.S. And even though there are few days left to the “big day” of the New iPhone 5, a record two millions preorders were placed just in one day for Apple Inc. latest smartphone on the 14th of September.

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Apple Inc.’s shares took a leap, reaching a record high level on Friday. One analyst attributed this to “iPhone 5 fever” as the corporation announced that a few customers needed to wait up to two to three weeks to get their hands on the new Apple Inc.’s smartphone which is not only slimmer and faster but also accounts for almost half of the company’s overall revenue.

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