Income ▪ October 18, 2011
Income ▪ July 18, 2011
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.