This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

iPhone 5 Steals Show: Tech Weekly

NEW YORK ( TheStreet) -- After Amazon (AMZN) had its moment in the sun last week with the launch of several new Kindle products, this week was all about that other "a" company: Apple (AAPL - Get Report).

Apple showed off its iPhone 5 on Wednesday, with TheStreet in attendance to live-blog.

The iPhone 5 has a 4-inch screen, sets a new thinness standard at 7.6 millimeters, and weighs just 112 grams. The smartphone also comes with Retina Display and runs on 4G or Long Term Evolution (LTE) networks from AT&T (T), Verizon (VZ) and Sprint (S).

Other iPhone 5 features include a new custom processor chip, the A6, which is 22% smaller than its predecessor, allowing Apple to save a lot of space inside the phone.

TheStreet's James Rogers had positive first impressions of the device, which is set to officially go on sale Sept. 21.

> > Bull or Bear? Vote in Our Poll

Apple put the phone up for pre-order at 12:01 a.m. PST Friday on its Web site, and it sold out almost immediately.

Every model of the phone was gone within an hour, according to Apple's Web site. Customers can still get their phones through Verizon, AT&T, and Sprint's sites, though sources at Verizon said they were dealing with higher-than-normal online volume, leading to some delays.

Shares of Apple traded as high as $696.98 -- near an all-time high -- Friday and rose almost 1.6% on the week to close at $691.28.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $109.86 2.00%
FB $88.14 1.00%
GOOG $604.41 1.10%
HPQ $27.63 -0.65%
PANW $160.20 -1.00%

Markets

Chart of I:DJI
DOW 16,161.71 +103.36 0.64%
S&P 500 1,926.08 +12.23 0.64%
NASDAQ 4,680.0080 +43.9030 0.95%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs