Apple shares shot higher Monday when unconfirmed reports that the tech big was getting ready to launch a replacement version of its hot-selling iPhone in September.
Apple traded up one.7 p.c to finish the day at $595.03.
Technology blog iMore, that follows Apple events, said it learned that a launch event was set for September twelve for the iPhone five, which the phones would begin shipping by September twenty one.
The report cited "sources who have proven correct within the past."
Apple didn't immediately reply to missive of invitation for comment.
The blog said the new iPad mini -- a smaller version of the market-leading pill pc -- would be announced at identical event in conjunction with a replacement iPod nano.
It said the discharge date for the iPad mini wasn't set however that it may come back at identical time because the iPhone five.
Apple normally keeps its product launches near the vest, however variety of reports have said the iPhone and iPad are released in time for vacation sales. The iMore report was the primary but with a particular launch date.
The Dow Jones web site AllThingsD said it confirmed that Apple scheduled a "special event" September twelve however not whether or not it had been for the iPhone. The technology web site said but that it had been clear that Apple is "ramping up for an enormous fall product cycle" by stockpiling inventory elements.
Another Apple-monitoring blog, iLounge, said it learned "from a highly reliable source" that the new iPhone would be prepared in mid-September, "pointing to a launch date round the third week of September, perhaps a trifle later if it waits to make extra inventory."
The iLounge report said the iPad mini unleash date "is an enormous question mark right now" and prompt that "Apple may hold a special event" for the pill.
Apple earlier this month reported slower sales growth than expected, and noted that some individuals is also delaying purchases in anticipation of recent product launches.
Apple factored a "product transition" in September into monetary steering for this quarter, fueling wild speak of a next-generation iPhone on the horizon.
"We attempt terribly laborious to stay our product roadmap secret and confidential," Apple chief Tim Cook said last week.
"I'm not attending to place any energy into stopping individuals from speculating," he added. "I'm glad that individuals wish ensuing thing; i am super happy regarding it."
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