It is back from the slump of nearly four months as its stock hit USD 645.48 a new high, with the previous high of USD 644, hit on April 10 2012.The reports for the first quarter of the FY showed slowest growth which caused a downfall in the stock last month.
A lot of speculations have given way for the market rise. It is said that Apple is planning to launch a cheaper tablet computer, currently the cheapest iPad costs USD 399, while its competitors, the Google Nexus and Amazon Kindle Fire, both sell at USD 199.
With the entire buzz going on in the market, it is said that the next iPhone launch is highly anticipated. It is expected to be slightly smaller than an iPad, giving it the name of “iPad mini” a 7-inch version of the best-selling tablet device. It is rumored to have a thinner body, larger touch-screen and the ability to connect to the latest generation of LTE network with iOS6 the latest generation of Apple’s mobile software.