Apple Shares soar past $370

As Apple gears up to announce earnings, 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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s