Amid all the iPhone 5 hype, Apple's stock moved past the $700 mark Tuesday, as investors continued to flock to shares like ants at a picnic. Several analysts raised their Apple price targets this week, with some seeing as much as 20% upside in shares. One especially bullish analyst was Shaw Wu of Sterne Agee, who raised his price target to $840 from $820 while keeping a buy rating. "We continue to believe many underestimate iPhone 5 in that it is a significant update and will drive a powerful product cycle," he wrote, adding later: "We continue to believe iPhone 5 will put a lot of pressure on competitors where it will incrementally capture a portion of customers attracted to Android/Windows smart phones with larger screens and/or 4G LTE wireless."
Wednesday saw the public release of Apple's new mobile operating system, iOS 6. Included in the new operating system are Passbook, an app for storing coupons, tickets and gift cards, and Apple Maps, which replaces Google (GOOG) Maps. Everyone's favorite voice navigation assistant, Siri, also received several updates.