Apple extends gains after iPhone 5 launch
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Apple's CEO Tim Cook presents the new iPhone 5 on Sept 12, 2012 in San Francisco, California. Apple shares extended their gains on Thursday amid a generally positive response to the launch of the new iPhone 5, aimed at keeping the California firm ahead of its peers in the hot smartphone market. -- PHOTO: AFP
NEW YORK (AFP) - Apple shares extended their gains on Thursday amid a generally positive response to the launch of the new iPhone 5, aimed at keeping the California firm ahead of its peers in the hot smartphone market.
Apple shares added 1.97 per cent to close at US$682.98, building on modest gains on Wednesday.
Mr Brian White at Topeka Capital Markets said he maintains a strong buy rating for Apple.
"We felt Apple executed to perfection and we believe the iPhone 5 was even more aesthetically pleasing than many had expected with a completely redesigned architecture," he said.
