“Don’t look now, but Apple shares are moving back toward record levels,” Steven Russolillo reports for The Wall Street Journal.
MacDailyNews Take: Jinx!
Russolillo reports, “The stock has quickly recovered from its rare earnings miss late last month and is about $10 away from the all-time high reached earlier this year. Rumors of potential new iPhone and iPad products have helped move shares higher in recent weeks. But the latest catalyst appears to be WSJ’s report that Apple is in talks with some cable operators about making big moves in the TV market.”
“Shares are up 57% this year,” Russolillo reports. “The all-time intraday peak is $644 hit on April 10.”
Read more in the full article here.
MacDailyNews Take: Not if John Browett has anything to say about it.