Cisco's Big Week Overshadows Apple's: Tech Recap
Shares of Cisco closed ended the week up 8.7% at $19.06.
Apple's stock peaked at $648.19, surpassing the previous all-time high of $644 on April 10. Shares were lifted by Jefferies' decision to lift its Apple price target from $800 to $900, ahead of the eagerly anticipated launch of the new iPhone 5, and, potentially, an iPad Mini. Rumors also continued to swirl this week that the Cupertino, Calif.-based firm is in talks with U.S. cable operators about building a set-top box for live television.
Apple shares rose 4.3% during the week to close at $648.11 on Friday.