Friday, April 22, 2011

Why Apple Shares Will Hit $500 This Year

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Why Apple Shares Will Hit $500 This YearApple's (AAPL) earnings per share nearly doubled to $6.40 in the last quarter, and revenue rose 83% to $24.7 billion -- and the figures for Apple's previous quarter were almost as good. But Apple's shares are only up 11% in the last six months, a growth rate that trails the Nasdaq's 13% rise over the period. Even the stock of also-ran smartphone maker Research In Motion (RIMM) is up by about the same percentage as Apple's over that time frame.

But things may be about to change. Apple's stock...

Why Apple Shares Will Hit $500 This Year originally appeared on DailyFinance.com on Thu, 21 Apr 2011 11:00:00 EST. Please see our terms for use of feeds.

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