On September 23, during the opening of the US trading session Apple shares grew 6%.
The investors rushed to purchase the company’s shares amid Apple claims to have sold
more than 9 million of its newest iPhones over the weekend.
Now Apple shares are trading lower than $500 per share, which is the highest since
early September. However, it is far from the historical high of $700 which was reached
in the second half of 2012.
Nevertheless, the boost of Apple shares allowed the company to strengthen its
positions as the most valuable public company in the world. Apple’s capitalization
is estimated at $450 billion. Oil Corporation ExxonMobil is its major opponent with
capitalization of $400 billion.
Bloomberg was the first to announce Apple sold 9 million iPhones 5s and 5c; it cited
the calculations made by Apple. Experts estimated the figures would be 5-7.5 million
phones.
Apple introduced iPhone 5s and 5c in early September and they started to be released
on September 20. It should be noted that after the presentation of new smartphones
the company’s shares dropped and now it reversed to the figures of the beginning of the month. Only for 30 days starting from the end of August, Apple’s shares lost
approximately one percent.
