Apple stocks reach major high

2009-10-20 14:16:05 (GMT) (WiredPRNews.com - Business, News)

Apple shares jumped to record levels Monday.

The company’s stock soars following news of record setting sales.

Cupertino, California (WiredPRNews.com) – Apple Inc. shares skyrocketed Monday after the company’s profit and sales reports exceeded forecasts. As reported by Reuters, Apple’s shares jump followed record breaking quarterly sales numbers for its popular products such as the Mac and iPod.

Shannon Cross of Cross Research is quoted in the report as stating of the numbers, “The number of Macs sold shows that Windows 7 has not been a threat to the Apple franchise… These are phenomenal results.”

Jane Snorek, an analyst with First American Funds, is further quoted by Reuters as stating, “These are huge numbers tonight. Apple is probably the best growth story in tech, maybe one of the best growth stocks in the market. I bet this stock can go to $250 in six to nine months… This makes me think Apple will have a great Christmas.”

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