Rumors of Upcoming Products from Apple Sends Shares Soaring

Rumors about the upcoming iPhone 5 and a smaller version of the iPad, has sent Apple’s shares soaring.

The price of Apple’s shares have once again set record. Apple shares closed Friday at 648 dollars on the New York Stock Exchange.

It is rumor and speculation about an upcoming iPhone 5 and a smaller version of the iPad, which gives investors the blood on the tooth.

Peter Misek from Finance House Jefferies, says according to our site, the launch of the iPhone 5 will be history’s biggest launch of a mobile phone.

It is expected that Apple will present the new iPhone during September. However, it is not confirmed by Apple yet.

A new smaller iPad should also be on the way. It is known, however, is not whether it comes at the same time with the new iPhone.