NEW YORK: Apple Incorporated hit a new high trading at $409.66, at 2.3% increase from the last trading session, whereas the Nasdaq and Dow Jones are both down. Its a great news for the investors. Apple has a market cap of $331.1 billion and is part of the technology sector and computer hardware industry. And now its stock is on sky heights.
The shown below is a chart showing Apple’s incredible trading rate of Monday, 19 Sept, 2011.
The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth.
Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook and according to an analytic report, Apple just going to get better day-by-day.