Normally, I'd be looking to take some profits, however AAPL shows no signs of slowing down. A new I-Pad, Apple TV, new MAC and God and Tim Cook only know what else.
Apple Inc. (AAPL) Reached the 52-Week High of $663.69
The prices of Apple Inc. shares have reached $663.69, which is 1.3% off the 52-week high of $672.4. Apple Computer Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. Apple Inc. has a market cap of $606.02 billion; its shares were traded at around $663.69 with a P/E ratio of 15.2 and P/S ratio of 5.6. The dividend yield of Apple Inc. stocks is 0.4%. Apple Inc. had an annual average earnings growth of 63.5% over the past five years.
On July 24, Apple Inc. announced financial results for its fiscal 2012 third quarter ended June 30, 2012. The company posted quarterly revenue of $35.0 billion and quarterly net profit of $8.8 billion, or $9.32 per diluted share. These results compare to revenue of $28.6 billion and net profit of $7.3 billion, or $7.79 per diluted share, in the year-ago quarter. Gross margin was 42.8 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
This month, Director Arthur D. Levinson sold 7,500 shares of AAPL stock. VP, Corporate Controller Betsy Rafael and Director Arthur D. Levinson sold shares in May. Senior Vice President Scott J. Forstall and Director Millard S. Drexler sold shares in April. CEO Timothy D. Cook and Senior Vice President, CFO Peter Oppenheimer sold shares in March.
