apple shares
AAPL reaches greater than $300 a share
If you bought AAPL stock in its young stages, you’ve probably been pretty happy with it lately. However, today you should be even more delighted. After hanging out in the high 200s for quite a while, Apple’s stock has now made the jump to over $300 a share. Actually, if you look at the stock graph over time, you can see that AAPL rose pretty fast from August to September, and then, after a slight misstep, skyrocketed to above $300.
Is Apple immune to the economic downturn?
This past Wednesday, Apple announced its financial results for its fiscal 2009 first quarter ended December 27, 2008, in which they reported the best quarterly revenue and earnings in Apple History. The company sold 2,524,000 Mac computers, a record 22,727,000 iPods, and 4,363,000 iPhones. This amounted to the record revenue of $10.17 billion and record net quarterly profit of $1.61 billion, or $1.78 per diluted share, all of which seems to counter news of Microsoft and Intel announcing layoffs amid a drop in profits, but does that really mean Apple is “recession proof?”















