Apple Pops on iPhone Launch Results and 2 Other Hot Stocks to Watch
Apple Inc. (NASDAQ:AAPL): Current price $486.03
Apple shares are beating the trends Monday with shares up some 4 percent after the firm reported that it sold 9 million new iPhones in the best debut ever for the phone. On Friday, Apple began selling a less expensive version called the 5C and also a top-of-the-line 5S. After the weekend, Apple said that demand for the 5S had surpassed the supply, and that many online orders would be shipped in the coming weeks. Sales beat the forecasts of many analysts, who had been ambivalent regarding the new models.