Investors Come Back to Apple Amid iPhone Rumors and Speculation

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Apple
AAPL
is up more than six percent as investors return to the Mac maker.
The company ran into some trouble this fall, dropping more than 16 percent since August. Investors have been unimpressed by the release of the iPhone 5, which sold
five million units
during its first weekend of availability. The iPad Mini and fourth-generation iPad sold a combined total of
three million units
when they were initially released. The Cupertino, California-based tech giant did not have any news to provide to consumers or investors today. Its
U.S. press website
is empty except for the announcement that AC/DC's complete catalog is
now available
on iTunes. While it is wholly possible that investors were intrigued by this development (the band is bringing 16 studio albums to Apple's music service), it seems unlikely that investors would buy into the stock for this reason alone. Shares of Apple actually declined when The Beatles arrived on iTunes two years ago. The stock had been trending downward in the days leading up to the announcement, shaving roughly five percent off the company's value. Assuming that investors are not more intrigued by AC/DC than The Beatles, the logical conclusion would be that they are buying Apple for some other reason. DigiTimes recently reported that the iPhone 5S is
already in production
. Another report claims that new iDevices -- including iPhone and iPad upgrades -- will ship
within six months
.
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MacRumors
attributes Apple's success to a report by Topeka's Brian White, who referred to the recent selloff as being "insanely insane." "Those investors that have missed Apple or have been under-weight the stock, now have another opportunity to buy Apple before sentiment takes a turn for the positive during what has historically been the strongest quarter of the year for the stock," White wrote in his report. Last week, Jefferies & Co. analyst James Kisner said that Apple could be very close to releasing its
first television set
. Big predictions aside, most analysts simply
reiterated
their
positive outlook
on the firm.
Follow me @LouisBedigianBZ
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Posted In: NewsRumorsSuccess StoriesTechAppleBrian WhiteiPadiPhoneJames KisnerJefferiesTopeka
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