As most of you have no doubt seen by now, it has been a wild ride in the stock markets across the globe this week. Despite the volatility, Apple did have a bright spot in that it was able to close today as the world's most valuable company, overtaking Exxon Mobil.
Money might not be able to buy happiness, but a lack of it can sure bring a whole lot of misery. If you’re willing to spend a few bucks sensibly in the App Store, sticking to a budget will be easier, and you’ll be flashing that several-hundred-dollar smile in no time.
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It's Monday, and that means with two days of rest from soothsaying and divination, it's about time that the world got back to the serious business of making off-the-cuff financial predictions once again. According to Brian White, a financial analyst for Ticonderoga Securities and part-time fortune teller, Apple stock could reach as high as $430 per share this year, propped up by a wicked-hot product line that's set to be an even greater success as the world draws closer to the upcoming holiday season. So confident is White in Apple's ability to dazzle the purchasing public, that he's declared the company will most likely overtake Exxon as the most valuable company in the world according to market value within the next 12 months.
Did you hear? Each and everyone of Apple's offerings print money--or at least you'd think so after listening in on the company's third quarter financial results released this afternoon via Quicktime, phone and as a good-old fashioned PDF earlier this afternoon. Listening in, you just knew it was going to be good news (as if there was ever any doubt,) from the enthusiasm in Peter Oppenheimer's voice as he made a few state of the union comments surrounding Apple's third-quarter, which ended in June, before getting down to the nitty-gritty.
With the news earlier this year that Apple claimed the status of largest technology company in the United States in terms of Market Cap, we couldn't help but wonder how far Apple could really climb. Andy Zaky at Apple Insider, however, went ahead and compiled a story about revenue estimates this year for Apple. What he says Apple has achieved over the past year is absolutely astounding.
This current quarter could be Apple's finest moment, according to an analyst that believes Apple could make up to $15 billion, beating other analyst expectations by $1 billion. It seems like Apple is on a roll with iPad sales, iPhone 4 preorders, Mac sales, and the elusive iPod (does anyone remember those things?). These factors, coupled with iTunes sales, could be making Apple a pretty nice cash stockpile.