Apple's (AAPL) Got That Lovin' Feeling
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With the broader market under heavy pressure Monday, Apple (Nasdaq: AAPL) is bucking the downside trend with shares sharply higher after breaking through all-time highs.
The upside can be attributed to excitement about the upcoming launch of the iPhone 5 and iPad 3 - both products dominating in their respective markets. Technicals may also be in play, with volume ramping on this latest upside surge.
In uncertain times Apple shares are now considered a "safe haven."
With Q3 sales up 82% and EPS up 122% year-over-year, investors are expecting much of the same in Q4. To track Apple's impressive sales growth please visit here. To track Apple's impressive EPS growth please visit here.
Shares of Apple are up 2.4 percent today to $410.20.
The upside can be attributed to excitement about the upcoming launch of the iPhone 5 and iPad 3 - both products dominating in their respective markets. Technicals may also be in play, with volume ramping on this latest upside surge.
In uncertain times Apple shares are now considered a "safe haven."
With Q3 sales up 82% and EPS up 122% year-over-year, investors are expecting much of the same in Q4. To track Apple's impressive sales growth please visit here. To track Apple's impressive EPS growth please visit here.
Shares of Apple are up 2.4 percent today to $410.20.
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