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Apple shares (AAPL) gains more than 50 points pre-trading market after a strong Fiscal Year 2012 Quarter 2 Earnings Report. Prior to the report, AAPL took a beating losing about 80 points from its all time high on April 10th, 2012.
As usual, some writer on some website said that 11.8 Million iPads Sold ‘Something of a Disappointment’ as quoted by John Gruber. Maybe people should stop taking advice from those analysts.
Apple is set to announce its Fiscal Year 2012 Second Quarter Results today (April 24th, 2012) at 2:00 p.m. PDT/5:00 p.m. EDT.
In the last 7 days, Apple shares have been taking a beating and closed at 571.70 on Monday April 23rd, 2012. Apple shares reached as high as 644 in the beginning of April 2012.
Editor’s note:
There are those who bet against Apple because of their personal dislikes of the company. Apple shares rapidly gaining in early April faster than anyone expected, including yours truly. Unfortunately the professional financial analysts are mostly wrong.
p.s. 37prime staff and contributors do not own a single AAPL share, individually or collectively.
Apple (AAPL) shares hit record high today at 496.72 and closed at 493.17; up 16.49 from Wednesday February 8th, 2012. The way it is right now, Apple will soon break 500.
The record breaking quarter for fiscal 2012 first quarter might have something to do with it. Apple is expected to release the third generation of iPad before the first half of 2012, then followed by the sixth generation of iPhone. On the rumor mill, Apple is supposedly working on a television set. Apple will still be busy in 2012.
Apple has one interesting product transition that might see the light of day in 2012. Apple has been quietly working on this product for the last six years since the transition to x86 platform. Just like many, it was a skunkworks project that now seems to make sense. We all have to wait and see.
For disclosure I do not explicitly own AAPL stocks or any stocks.