Apple shares rose to their highest price in its history on\nFriday, as it jumped 1.5% after reports were released that detailed the\nupcoming release of the new iPhone.<\/p>\n\n\n\n
Apple analyst Ming-Chi Kuo said in a note last Thursday that\nthe company might release a high tier new iPhone, completely wireless at the\nbeginning of 2021. The product will rely on wireless charging for its power\nsource and will be a new way for the company to differenciate its more\nexpensive phones from the rest of its versions.<\/p>\n\n\n\n
Kuo, which is well known with accurate expectations from the\ncompany, expects Apple a to put out a budget-friendly iPhone in the first half\nof 2020. This lower-priced model would be similar to the iPhone 8 version with\na 4.7-inch LCD screen, according to the analyst. Apple hasn’t released a budget\nsmartphone to everyone since 2016 with $400 for iPhone SE. Such an update would\ngive the company a wider range of new iPhone prices than ever before.<\/p>\n\n\n\n
Apple is expected to unveil its first range of iPhones that\ncan reach its fifth generation in the fall of 2020.<\/p>\n\n\n\n
The stock jump followed the US jobs report last Friday,\nwhich exceeded expectations. The country’s economy added 266,000 nonfarm\npayrolls in November, higher than the 185,000 job expectations that economists\nhad put forward. The data also pushed the unemployment rate in the USA to a\nhistorical decrease of 3.5%.<\/p>\n\n\n\n
The positive labor market update drove almost all of the three\nmajor US indexes up 1%. Also, the boom that occurred on Friday increases the\nstrength of the Apple website as the most valuable company in the world. Apple\nwas also the first company to publicly trade its shares to break the\n$1,000,000,000,000 market threshold, and set the record in August 2018.<\/p>\n\n\n\n
The company traded at $269.39 per share at 11:40 am, at a\nrate of about 71% up year to date.<\/p>\n\n\n\n
Apple has 27 “buy” ratings, 14 “hold”\nratings, and 7 “sell” ratings from analysts, with the target\nconsensus price of $260.27, according to Bloomberg data.<\/p>\n","protected":false},"excerpt":{"rendered":"
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