Apple stock hits record as new iPads expected, analyst calls iPhone 8 'paradigm shift' in AR - PhoneArena

Apple stock hits record as new iPads expected, analyst calls iPhone 8 'paradigm shift' in AR


Apple's stock blasted through its $140 ceiling on market close, scoring a record high, and leaving us wondering what does Wall Street know that is coming down the pipeline. In sync with that event, the Apple Store is conveniently down with the usual "we've got something special in store for you" message that Apple uses when it is launching new products on its website. The store's maintenance is scheduled to last until 8:30 Eastern, when Apple typically outs its press releases, too.

A couple of new iPads are widely expected to be posted by Apple today, an updated 9.7-inch and 12.9-inch iPad Pro models, as well as a 128 GB iPhone SE, plus a red color option for the iPhone 7 and iPhone 7 Plus, and eventually some new Apple Watch bands. These aren't anything drastic, so Apple might have felt they don't warrant a dedicated event. In fact, last week there was a rumor that Apple will launch new iPads without Tim Cook or any of the department heads taking stage, and it might happen later today indeed.

Another reason that the stock is booming may be the appearance of renowned Apple analyst Gene Munster on the business CNBC channel, and his claims that the company will do something remarkable with AR, laying the grounds for a "paradigm shift" as soon as this year's iPhone 8 edition. Bloomberg already reported recently that Apple has hundreds of people working on augmented reality, including in the camera department, and will introduce AR first in its iPhone franchise:

In any case, not much is left until the Apple store is back up again to gauge what the eventual new iPads will look like, while for the iPhone 8's eventual AR "paradigm shift" as per Mr Munster, we'll have to wait a few more months.

source: Google Finance, CNBC, Bloomberg
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