Source: http://ift.tt/ot3cHZ - Friday, January 30, 2015
Apple stock hit an all-time high of $120 a share on Friday as the firm’s market cap surpassed $700 billion. The bump in share price can be attributed to the company’s healthy earnings report earlier this week , when Apple beat Wall Street expectations. The company announced on Tuesday that it sold a record 74.5 million iPhone units during the quarter. It also reported $74.6 billion in revenue, up about 30 percent from the year-ago quarter. While iPad unit sales were down, Wall Street still has high expectations for Apple moving forward. The Apple Watch will launch in April , for example, and rumors suggest an iPad Pro and a new 12-inch MacBook Air are also on the horizon. Bundle those launches with the official deployment of new HomeKit-enabled products this spring, and it’s pretty clear why Wall Street is still bullish on Apple. AAPL. Powered by Yahoo Finance Source : Yahoo Finance
from Top News on RSS Feeds http://ift.tt/1zmQ3Ou
Apple stock hit an all-time high of $120 a share on Friday as the firm’s market cap surpassed $700 billion. The bump in share price can be attributed to the company’s healthy earnings report earlier this week , when Apple beat Wall Street expectations. The company announced on Tuesday that it sold a record 74.5 million iPhone units during the quarter. It also reported $74.6 billion in revenue, up about 30 percent from the year-ago quarter. While iPad unit sales were down, Wall Street still has high expectations for Apple moving forward. The Apple Watch will launch in April , for example, and rumors suggest an iPad Pro and a new 12-inch MacBook Air are also on the horizon. Bundle those launches with the official deployment of new HomeKit-enabled products this spring, and it’s pretty clear why Wall Street is still bullish on Apple. AAPL. Powered by Yahoo Finance Source : Yahoo Financefrom Top News on RSS Feeds http://ift.tt/1zmQ3Ou
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