AAPL Profits Rise in 2013, Share Prices Predicted to Increase

AAPL Profits Rise in 2013

Last Friday, Apple enthusiasts and investors had more than one reason to smile as they observed increased activity at Apple Stores. This surge in foot traffic coincided with a significant financial milestone for the company.

For the first time this year, AAPL stock closed at a yearly high of US$556.07, a notable recovery from its earlier low of $390.53 on April 19.

AAPL Profits Rise in 2013

The stock has experienced a tumultuous journey throughout the year, initially opening at $549.03 on January 2, then dipping significantly before gradually climbing back. It has predominantly lingered below the $500 mark, a stark contrast to its peak of $705 in September 2012.

However, the recent closing high suggests a positive shift, with many market experts predicting further gains.

Analysts are optimistic, with some forecasting a rise to $600 in the coming months, while others set their sights even higher, suggesting a $777 target within a year.

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Michael Rose

Andrew is a dedicated writer for TUAW, your go-to Apple news blog. With a keen eye for detail and a love for all things Apple, Andrew brings you the latest updates on iPhones, iPads, MacBooks, and Apple Watches. His insightful articles and reviews help readers stay informed about the newest features and innovations. When he’s not writing, Andrew enjoys exploring new apps and testing out the latest Apple gadgets. His commitment to delivering accurate and engaging content makes him a valuable member of the TUAW team.