Apple shares climb another 5% on estimates of 700,000 iPhone sales

goldman sachs logoOh time machine, where art thou? Apple’s share price has climbed another 5% to $127 (approx. £64), following (among other news) an estimate by an analyst at bankers Goldman Sachs that 700,000 iPhones had been flogged during the handset’s first weekend on sale.

Back in February Apple shares were down below $90 (£45), meaning that canny investors have profited from an iPhone-driven rise of around 50%. But we’re not among them. Sob.

Meanwhile, news continues to bubble up surrounding the Euro launch date for iPhone, with the latest speculation suggesting an appearance for the handset in Germany on 1st November, partnered with T-Mobile.

(Via Bloomberg and MacRumors)

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