They really thought today they would get their chance to knock it under $500.
Over $100 Billion In Cash!
A PE of 10 when their growth and balance sheet they should have a PE of at least 16!
Earnings for 2013 will be at least $50 giving this stock an $800 Pirce Target!
At least a 30% profit margin when other companies are happy with single digit profit margins!
If you wanted to short this stock you had your chance from $700 to $510 so if you are bashing now trying to get it to go lower you are wasting your breath. By the end of January they will report their largest earnings beat ever and will add to that huge cash balance.
Keep trying shorts and put buyers. Just remember once January 2nd rolls around you will face upward momentum into earnings that will look a lot like what happens every January through April with Apple.
Apple Smartphone Market now 53% which is the highest market share the company has ever had!!!
Apple TV Rumors Rampant! Is that the next big product??? If just the Ipod, Iphone, Ipad, Mini Ipad, Mac, Itunes, and Apple Stores is worth $800 per share than how much does taking over 50% of the tv market add to that?