Markets Closed: Apple Up 3.75%

Apple closed out the day with a 3.75% increase in stock value (+ $4.94) leaving them at a healthy $136.71 per share. This is a positive outlook for shareholders who have been negatively affected by the dramatic price reduction on the iPhone last week from $599 to $399. This change comes after the announcement this morning of Apple's 1 millionth iPhone sold as of yesterday, September 9th, a landmark that took the iPod 2 years to reach.

I would not be surprised if we see a 16Gb iPhone on the market by the end of the year, perhaps as early as next month, fitting into the $499 price bracket, as well as major upgrades to the iPhone OS.