Apple shares rise on the day the new iPhone 5 hits the stores.



NEW YORK (TheStreet) -- Apple(:AAPL) shares gained 0.54% to reach $702.50 in premarket trading on the day when the new iPhone 5 hits the stores.

Shares of the tech giant, which hit a new high of $703.99 earlier this week, closed down 0.48% at $698.70 on Thursday, a day after the company made its latest operating system, iOS 6, available.

Skyworks Solutions(:SWKS) was an even bigger gainer after a "teardown" of the iPhone 5 by ifixit.com revealed two of the company's power amplifier modules within the device.

The news pushed Skyworks' shares up 2.75% to $24.69 before market open.

Oracle(:ORCL) shares crept up 0.4% to $32.29 as investors shrugged off the database giant's first-quarter revenue miss, reported late on Thursday.

The Redwood Shores, Calif.-based firm, however, cited the impact of currency fluctuations during the quarter. Excluding items, Oracle earned 53 cents a share, in line with Wall Street's estimates.

--Written by James Rogers in New York.

Follow @jamesjrogers

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