MarketClose
Latest
How iPhone rumors affect Apple's share price
It's an exciting time to be an Apple fan. Apple is rumored to be announcing a new iPhone in the coming weeks and the company's stock recently reached another all-time high. Those with an eye on Apple's financials might want to watch the company's stock closely in the next few weeks. As pointed out by Philip Elmer-DeWitt of Apple 2.0, Apple's stock doesn't always follow the typical "buy the rumor, sell the news" cycle, in which a company's stock price rises on rumors and then falls when the product goes on sale. DeWitt points to a March report by Mashable's Matt Silverman that shows how each iPhone announcement influenced Apple's stock. Not surprisingly, the biggest effect on Apple's stock was the original iPhone, which was a game-changer in the mobile phone market. Though the new iPhone may not be as revolutionary as the first iPhone, it's expected to be a big jump from the iPhone 4S. Will this improvement be enough to give Apple's stock another boost in the arm? We will have to wait and see what happens in the next few weeks.
AAPL closes at all-time high, dividend paid (Updated)
Shares in Apple closed at an all-time high today. At the closing bell at 4 p.m. ET, AAPL was trading at $636.34. That's not the all-time high price; that came Tuesday when the stock peaked temporarily at $644.00, but the share price dropped to about $632 a share that day by the close of trading. What's keeping Wall Street investors bullish on Apple? They're all looking forward to an announcement of new products, possibly a new iPhone and a smaller iPad, within the next month. Update: We almost forgot to mention that today was the day that Apple shareholders received their $2.65 per share dividend. That dividend was announced on July 24, 2012, and marks the first dividend ever paid to shareholders of Apple. According to reader Joe Bonniwell, Google Finance notes that Apple paid dividends to shareholders between 1987 and 1995. Thanks for the correction, Joe.
