Apple shares hit record high ahead of earnings

Jul 19, 2011
The Apple logo is illuminated at the entrance to an Apple Store in New York City. Apple shares hit a record high on Wall Street on Monday ahead of what is expected to be another blockbuster quarterly earnings report by the California gadget-maker.

Apple shares hit a record high on Wall Street on Monday ahead of what is expected to be another blockbuster quarterly earnings report by the California gadget-maker.

Apple shares reached $374.65 during trading in New York before closing at $373.80, a gain of 2.43 percent on the day.

Apple is to release its fiscal 2011 third-quarter results on Tuesday after the closing bell on Wall Street.

Financial analysts are expecting another solid quarter for the maker of the , the iPhone, the iPod and the .

Apple nearly doubled its quarterly net profit to $5.99 billion on record iPhone sales in the second quarter while revenue rose 83 percent to $24.67 billion.

Explore further: BofA to refund Apple Pay customers charged twice

add to favorites email to friend print save as pdf

Related Stories

Apple fiscal 3Q net income jumps 78 percent

Jul 20, 2010

(AP) -- Apple Inc. blew past expectations with its latest quarterly report on Tuesday, selling almost as many of its new iPad tablets as it sold Mac computers.

Apple shares slide on iPhone problems

Jul 13, 2010

Apple shares were down sharply on Tuesday after Consumer Reports panned the new iPhone because of reception problems and rumors swirled about a possible recall.

Apple rockets to most profitable quarter ever

Jan 25, 2010

(AP) -- Apple's holiday quarter was especially sweet this year, but Wall Street's response was muted as investors puzzled through an accounting change and lighter-than-expected iPhone sales.

Research in Motion profit jumps 45 percent

Dec 16, 2010

(AP) -- Research in Motion Ltd., the maker of the BlackBerry, on Thursday said its third-quarter earnings jumped 45 percent as sales keep surging overseas despite tough competition in the smart-phone market.

Recommended for you

Tablets, cars drive AT&T wireless gains—not phones

9 hours ago

AT&T says it gained 2 million wireless subscribers in the latest quarter, but most were from non-phone services such as tablets and Internet-connected cars. The company is facing pricing pressure from smaller rivals T-Mobile ...

'Silicon Beach' brings tech boom to Los Angeles

12 hours ago

So long Silicon Valley. These days entrepreneurs and engineers are flocking to a place better known for surfing waves than the Web. Amid the palm trees and purple sunsets of the Southern California coastline, ...

User comments : 0