Apple Inc. (AAPL)’s shares rose to a record and the
company’s market value surpassed $600 billion on speculation that production
has started on a smaller version of the iPad tablet as well as a new television
product, Bloombger writes.
The shares climbed 1.9 percent to $648.11 at the close in
New York yesterday, for a market capitalization of $602.3 billion. The stock of
the world’s most valuable company has gained 60 percent this year.
With tablet sales predicted by research firm Yankee Group to
overtake those of personal computers by 2015, Apple is introducing a smaller
iPad model to fend off challengers to its top-selling device. That may go on
sale by October and a new television could reach stores by 2013, according a
research report from Peter Misek, an analyst at Jefferies & Co....
“We believe the iTV is in full production,” Misek said in
the report yesterday. He recommends buying the shares and raised his price
estimate to $900 from $800….
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