Hi-P

Hi-P: is +0.9% at $1.07, extending its recent price run, following more positive Apple-related news flow. Recall the co counts Apple as its top two customers. Apple surpassed US$700 in late trading after announcing record first-day orders for the latest iPhone, fueling optimism that the co will keep generating the revenue growth that transformed it from a niche computer manufacturer into the world’s most valuable company in the world by market capitalization. The stock has advanced 73% this year. The iPhone 5 sold 2m units in first-day orders, more than double a record set by the previous model. Since its 2007 debut, the device has become Apple’s top-selling product, accounting for about two-thirds of profit. Street consensus tips as many as 58m units of the iPhone 5 to sell by the end of the year, which could generate as much as $36.2 b in sales for Apple. Consensus TP for Apple is US$773.