By Carla Mozee, MarketWatch
LOS ANGELES (MarketWatch) Shares of Apple Inc. largely held steady Friday evening following a report related to the expected unveiling of the next version of the companys popular iPhone.
Late-traded Apple shares /quotes/zigman/68270/quotes/nls/aapl AAPL -0.30% were off 32 cents at $680.12. The Wall Street Journal reported Friday evening in its online edition that Apples next iPhone, which many have taken to calling the iPhone 5, will work worldwide on the next-generation LTE wireless network.
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While the ability for the iPhone 5 to use the LTE network allows Apple to catch up to rival Samsung, its unlikely all carriers will be able to offer the network, according to the report which cited sources familiar with the matter.
Apple shares hit an all-time high of $682.48 during Fridays regular session in anticipation that the iPhone 5 will be introduced on Wednesday in San Francisco. The shares have surged 68% on a year-to-date basis.
Ahead of late trading, U.S. stocks finished modestly higher Friday as lackluster August jobs data fueled speculation that the U.S. Federal Reserve may start another round of monetary stimulus. The Dow Jones Industrial Average /quotes/zigman/627449 DJIA +0.80% rose 15 points, or 0.1%, to 13,306.64. The S&P 500 Index /quotes/zigman/3870025 SPX +1.03% advanced 0.4% to 1,437.92 and the Nasdaq Composite Index /quotes/zigman/12633936 COMP +0.97% edged up less than 1 point to 3,136.42. The benchmarks remained at multi-year highs. Read more in Market Snapshot.