Shares in Apple hit $228 following speculation the tech giant will reveal its latest iPhone in September.
The group announced plans to host an event at its Cupertino campus on September 12, resulting in shares to increase to almost $228 each.
Apple often unveils its new iPhone models in the second week of September, with sales starting a few weeks after.
At the event in September, Apple is expected to unveil three new iPhone models, a new Apple Watch and upgraded iPad tablets.
The reveal will take place in the Steve Jobs Theatre, in the grounds of its headquarters, at 10 am Pacific Time – 6 pm in the UK.
Apple recently became the world’s first trillion-dollar company. The group hit a $1 trillion market capitalisation 42 years after it was founded.
The group achieved profits of $11.5 billion in three months due to record sales that hit $53.3 billion, pushing shares of the iPhone giant higher.
“Growth was strong all around the world,” said Apple’s finance chief, Luca Maestri.
The tech website 9to5 has said about the new iPhone: “We believe that the new 5.8-inch and 6.5-inch iPhones will both be called iPhone XS. We also believe iPhone XS will come in a new gold color option not previously offered on the new design. Apple leaked its own gold version of the iPhone X through the FCC, but it has not been available to purchase.”
“Other details are still to be determined, but we can report with certainty that iPhone XS will be the name, the OLED model will come in two sizes including a larger version, and each will be offered in gold for the first time.”
Shares in the group closed up 0.92 percent trading at 225,03.