Apple stock jumps after reports on new iPhone
NEW YORK (AFP) - Apple shares shot higher on Monday after unconfirmed reports that the tech giant was preparing to launch a new version of its hot-selling iPhone in September.
Apple traded up 1.7 per cent to end the day at US$595.03 (S$742.09).
The technology blog iMore, which follows Apple events, said it learned that a launch event was set for Sept 12 for the iPhone 5, and that the phones would start shipping by Sept 21.
The report cited 'sources who have proven accurate in the past.' Apple did not immediately respond to a request for comment.