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Sunday, October 31, 2010

5% off the price of Apple? (NASDAQ: AAPL)

Apple (NASDAQ: AAPL) is down 5% from its all-time high of $319. It's most recent quarter blew past analyst expectations by 15%, earnings $4.64 per share. The stock dropped on the news, yet prospects for Apple keep getting stronger. The company was in the early innings of its iPad launch, which was just picked up by Verizon and AT&T in the coming quarter. The final quarter of the year is also the Chrsitmas quarter. Sales from Apple's new iPod lineup should impact sales in a positive way. The company also blew past Research in Motion last quarter, selling 14 million iPhones - an Apple record. Apple has pulled back as investors take profit. Who knows when the stock will regain its momentum and leap forward once more.

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