Holy Hannah! Apple advanced the most in almost seven months as analysts
said a two-month stock slide is unjustified given brisk demand for the iPhone
and iPad., sfgate reports. Shares of the
Cupertino tech giant advanced 7.2 percent to $565.73 Monday, the stock's
largest jump since April.
Apple, which overhauled most of its entire product lineup
ahead of the holiday shopping season, had lost about one fourth of its stock
market value through Nov. 16, after hitting a record of $702.10 on Sept. 19.
Despite investor concerns about product shortages,
stiffening smartphone and tablet competition, and management changes, demand
for its products remains strong and the stock slide is unfounded, Brian White,
an analyst at Topeka Capital Markets, said in a research report Monday…..
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