iPhone News Desk
iPad 3 Next Month: AllThingsDigital
As a result Apple Thursday hit an all-time high, teasing the magic $500 number, with a closing price of $493.17
By: Maureen O'Gara
Feb. 13, 2012 07:00 AM
Apple is going to launch the iPad 3, or whatever they call it, the first week of March at a special event in San Francisco according to AllThingsD, a prophecy the punters regarded as being as good as a statement from the company.
As a result Apple Thursday hit an all-time high, teasing the magic $500 number, with a closing price of $493.17, up from $315 last June, after seeing $496.75 during the day.
The blog figures street availability a week or so later.
The dingus, the same size as the iPad 2, will reportedly be built on a way faster chip with improved graphics and a 2048×1536 Retina Display - "or something close to it," the blog said.
Some presume the thing will have a longer battery life. Amazon would probably like to know if Apple will cut the price of the iPad 2 to compete with the $199 Kindle Fire. Of course all this speculation could hurt iPad sales for the next month. It happened in Apple's Q4.
Apple passed Exxon a couple of weeks ago as the most valuable American company with a current market cap of close to $460 billion, worth a six-degrees-of-separation $60 billion more than the oil company.
The Wall Street Journal says at least one prediction has it seeing $665, another 35% gain, with iPhone 5 and the iTV.
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