Andre Yoskowitz
17 Aug 2012 18:12
Apple's shares have reached a new all-time high, this time on speculation that production of the iPad Mini and rumored Apple HDTV are now in full swing.
Shares finished the day at $648.11, valuing the company at $607 billion. With such a value, it remains far and away the most valuable public company in the world, ahead of even Exxon Mobil, which literally prints money.
The smaller, 7.85-inch iPad has been rumored for years now, but the rumor mill has really kicked into high gear over the past six months.
Today, a new research report from Jefferies and Co. analyst Peter Misek says the iPad Mini will go on sale in October and the new HDTV will reach stores by 2013. Misek based his research on activity from Sharp and Hon Hai, each of which saw revenue increases during July, normally a time flat to negative growth.
Misek believes the iPad Mini will hit the market at $299 while a 42-inch model of the TV will cost above $1000.