Scalper1 News
Apple (AAPL) investors on Thursday shook off a negative report about the company’s iPad business and bid up shares to their second record high in as many days. Apple stock jumped nearly 2% to 113.45, a new high, in morning trading on the stock market today. In late-morning trading Thursday, Apple stock was trading just below that intraday high. Apple analysts generally are bullish about the company’s prospects for the holiday shopping season, given the company’s refreshed lineup of iPhones and iPads. This is also the first Christmas with premium headphone maker Beats Electronics under Apple ownership. But things are not all rosy for the Cupertino, Calif.-based company. Respected Apple analyst Ming-Chi Kuo of KGI Securities reported that Apple is likely to see iPad shipments plummet in the first quarter and is delaying production of its rumored iPad Pro tablet. Kuo predicts that Apple will ship… Scalper1 News
Scalper1 News