Apple Recap: Pre-Order Silence, Next Big Event, and New Cooperation
Shares of Apple’s (NASDAQ:AAPL) stock temporarily brushed highs of $459.71 on Tuesday, and closed up $5.20, or 1.16 percent, at $455.32. While the iPhone maker’s stock is trading at a level much higher than the lows it touched in April and in June, it still exchanges hands at a price more than 34 percent below the year-ago value. Here’s a cheat sheet to today’s top Apple stories:
Is Apple’s Pre-Order Silence Spooking Investors?
Apple’s failure to release any pre-order numbers for the iPhone 5C appears to be making some investors jittery. The Cupertino-based company’s silence may be one reason why Apple’s stock is down by almost 3 percent this Monday afternoon. Apple typically releases iPhone pre-order numbers that reveal how many devices have been requested in the first 24 hours of availability. Apple and its carrier partners began taking pre-orders for the iPhone 5C soon after midnight PT last Friday.
However, this is the first time that Apple has not revealed pre-order numbers since it began the practice with the release of the iPhone 4 in 2009. Last year Apple’s iPhone 5 racked up over 2 million pre-orders in the first 24 hours of availability… (Read more.)