An Apple Today Keeps Wall Street at Bay
It’s not Woodstock, an Abba reunion or Keith Richards becoming a vegetarian. Later today, the city that once gave us images of a girl with “flowers in her hair” will host Apple’s expected unveiling of the new iPhone 5.
The one day geek fest will be streamed live and watched by gadget lovers and Wall Street analysts throughout the world. Apple has hinted that the iPhone 5 will be the main attraction. Rumors have it they could also be launching iOS 6 today, with the Mini iPad launching in October.
If it meets and beats the hype, the new iPhone 5 will affect companies, profits and jobs across the mobile food chain. Product suppliers, mobile carriers and app developers will all be affected – for better or worse – by today’s events.
Don’t forget Apple’s gleeful stock owners. Apple stock is up 63.64% so far in 2012 and 74% in the past year. If you go back to the “pre-historic days” before the iPad, Apple’s stock has jumped 295% in 3 years. At over $600 a share and by not initiating a split, Apple’s high price is keeping away many retail investors. The American “super fans” of Apple who bought their shares in the 1990’s and early 2000’s have been well rewarded.
All eyes on the big Apple in San Francisco! Online Casino Archives will feature our initial impressions early Thursday morning.