After the crushing victory of the Cupertino-based company in court against the South Korean corporation Samsung on Friday, Apple shares continue to delight investors and break their own records. At the beginning of trading on August 27 on the American stock exchange, the company's securities were already offered at a price of $ 679.99 per share.
Recall that last week, the iconic iPhone maker already became the most expensive publicly traded company in the world. On August 20, the American company was valued at 660.73 billion US dollars.
Experts have different explanations for such a rapid growth in the company's stock prices. Bullish Cross analyst Andy Zaky explained that investors are "desperate" to invest in Apple before the company unveils the long-awaited iPhone 5 in September. As a result, stock prices will continue to rise in the near future. The expert predicts that in September the shares will be sold for $ 700, and he doubts that someone will disagree with him.
At the same time, the Korean electronics manufacturer is not going to concede and plans to appeal the court order. In the first hours after the opening of trading, the value of Samsung shares immediately fell by 7.45 percent, and overall the manufacturer lost about $ 12 billion.
