Apple's stock has hit an all-time high, reaching $645.48 in early trading Friday.
The surge comes ahead of a widely expected new iPhone rumored to be launched next month. Analysts also speculate that a smaller iPad may be in the works.
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Apple stock hits all-time high amid iPhone, iPad anticipation
Apple's stock has risen on speculation that new versions of the iPhone… (Kimihiro Hoshino / AFP )
The previous high for Apple, the world's most valuable company, was $644, reached in April.
It's a nice rebound for Apple, which saw its stock tumble last month after releasing a disappointing third-quarter earnings report.
Many consumers appeared to be waiting for the next upgrade of the popular smartphone, and that caused sales to drag for the Cupertino, Calif., technology giant.
Rumors that a new iPhone with a larger screen may come out in the fall have been rampant for months, with some influential consumer blogs even recommending that customers hold off buying until the next generation.
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