AAPL hits all-time high ahead of earnings tomorrow, approaches $350B market cap
As Apple gears up to announce earnings tomorrow after the bell, the stock has hit an all time high each of the last two trading sessions. Today AAPL is up about 2.5% to just north of $373. Market cap is now just shy of and incredible $350B. (Exxon is at $409B) Great earnings are expected from AAPL as tech has found a footing following Google’s quarterly results last week that shot the stock up over 12%.
In addition to expected stellar earnings, news that Apple is close to inking a deal with China Mobile has given the iPhone maker a boost. This deal would potentially give Apple access to China Mobile’s 600m subscriber base. Stay tuned tomorrow for the exact earnings release.
Recent Stories on 9to5Mac
- Apple’s new retail chief announces three month advance on employee pay raises
- Apple Stores begin receiving the Nest Learning Thermostat, to go on sale soon
- Another look at the iPhone assembly line inside the Foxconn factory [Video]
- President of Turkey visits Tim Cook, discusses bringing technology into Turkish education
- Apple releases revised iOS 5.1.1 build for GSM iPhone 4, available for new installs
Best Comments