15 Hot Apple Stories Pushing the Stock Up Another 10.54% This Week
Apple (NASDAQ:AAPL) shares began the week on a tear, outperforming the broader market. The iPhone maker’s stock closed up $12.91, or 2.84 percent, at $467.92 on Monday. Here’s a cheat sheet to Monday’s top Apple stories:
Is Apple Getting Ready to Put on a Show?
With its fiscal third quarter earnings report, Apple reported revenue of $35.3 billion and guided fourth-quarter revenue in a range between $34 and $37 billion. The results were actually a surprise beat: on average, analysts were expecting revenue of about $35.1 billion, which was downwardly revised several times during the quarter “to reflect demand trends across Apple’s portfolio and the timing of new product launches,” as Topeka Capital analyst Brian White put it.
White’s comment is at the heart of the conversation surrounding Apple right now. The company hasn’t released a new iPhone since the iPhone 5 was announced on September 12, 2012. Meanwhile, Samsung (SSNLF.PK) has pretty much spammed the market with devices running Google’s (NASDAQ:GOOG) Android OS… (Read more.)