Apple Stock News
Apple shares have jumped back through the $100 barrier to reach a new record of $100.53 as investors await the launch of iPhone 6 in September. Apple is indeed believed to be planning a September 9 special event to unveil its long-anticipated iPhone 6.
Morgan Stanley pointed out in a research note this morning that Apple’s share price tends to outperform when Apple releases new versions of the iPhone: “After improving the executive leadership team and adding over a dozen leaders in key areas of competency including fashion, medical research, digital content and marketing and wearables, we believe CEO Tim Cook now has the bench in place to execute on new product categories.”
