Monday, April 5, 2010
In the Zone
AAPL - Apple, Inc.
Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. The company sells its products worldwide through its online stores, retail stores, direct sales force, third-party wholesalers, resellers, and value-added resellers.
In addition, it sells various third-party Macintosh, iPhone, and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and various other accessories and peripherals through its online and retail stores, and digital content and applications through the iTunes Store.
The company sells its products to consumer, small and mid-sized business, education, enterprise, government, and creative customers. As of September 26, 2009, it had 273 retail stores, including 217 stores in the United States and 56 stores internationally. The company, formerly known as Apple Computer, Inc., was founded in 1976 and is headquartered in Cupertino, California.
Apple, Inc. ended the week trading at $235.97 up $5.07 or +2.20% on lighter than average upside volume of 74.78 million. The average weekly trading volume for the company is 96.36 million.
With the release of the all new Apple iPad into the product line the company is sure to see its stock price rise above $300 per share in the coming months if sales exceed expectations as more computer enthusiast purchase more and more Apple products. Apple is now the fourth largest publicly traded company by market cap behind (MSFT) Microsoft, (WAL) Wal-Mart and (XOM) Exxon Mobile. Keep this company on your radar as it continues to make higher highs and higher lows.
***Please have a look at the chart below***