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Oct. 20 (Bloomberg) — Apple Inc. rose to a record inextended trading yesterday after fourth-quarter profit andrevenue topped estimates, fueled by back-to-school orders forthe iPhone , iPod and Macintosh computer. Apple climbed as much as $14.99, or 7.9 percent, to $204.85in late trading, exceeding the intraday record of $202.96 set in2007. The shares, which have more than doubled this year, closedat $189.86 yesterday on the Nasdaq Stock Market. Oct. 19 (Bloomberg) — Apple Inc.’s sal

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Random Feed wrote an interesting post today on
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Investors lap up Apple’s 47 percent profit jump SEATTLE ? Wall Street knew Apple Inc.’s results for the most recent quarter would blow past the company’s guidance, but investors clearly weren’t prepared for the 47 percent jump in profit that Apple delivered. Shares skyrocketed to an all-time high in after-hours trading Monday evening on news that Cupertino, [...]

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Random Feed wrote an interesting post today on
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Apple will be reporting their quarterly earnings on Monday and many are expecting that they will exceed expectations yet again. In the past Apple’s best Mac sales figures had them at 2.6 million Macs sold during the September quarter last year. Analyst believe they will past that number however, reports from RBC Capital Markets thinks they will have a very strong fourth quarter which will then push the AAPL stock over $200 in the next 12 months. They also believe Apple will report sales numbe

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Random Feed wrote an interesting post today on
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FTN Equity Capital analyst Bill Fearnley this morning cut his rating on Apple (AAPL) to Neutral from Buy on a valuation basis, noting that the stock has moved above his $180 price target. He’s hardly a bear on the stock; he notes that Mac sales are above plan, and reports that the new iPod Nano “is a big hit.” He says iPhone sales are in line, with spot shortages. Fearnley raises his EPS estimate for September 2009 fiscal year to $5.97, from $5.94; for 2010, he goes to $7.22, from $7.08

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