Mashable!: Apple Stock Price Up Slightly as Market Opens

Mashable! Founded in July 2005, Mashable is the world's largest blog focused exclusively on Web 2.0 and Social Media news. Mashable is the most prolific blog reviewing new Web sites and services, publishing breaking news on what's new on the web and offering social media resources and guides.

Apple Stock Price Up Slightly as Market Opens Sep 12th 2012, 13:45 Apple's stock price rose less than 1% as the market opened on Wednesday, hours before the company's expected iPhone 5 announcement. While it might seem logical that a new Apple product announcement leads to a stock price boost, historically that hasn't been the trend, no matter how successful the launch. However, as The Wall Street Journal reports, options banking on a rise in Apple stock price are selling well. According to the publication, four of the most in-demand option contracts on Tuesday were based on the expectation of a 2.5% rise by Friday. Though Steven Baker of NPD appears bearish on the iPhone 5's prospects -- he predicts it will only sell at the level of the iPhone 4S -… Continue reading... More About: apple, iPhone 5, iphone

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