AAPL Financial News Weekly Roundup: Shares Hit All-Time High, iPhone 6 Sales Predictions Up and More
Submitted by Jon Reed on
Apple (NASDAQ: AAPL) trading showed some increased activity early last week as share prices closed at an all-time high of $100.53 on Tuesday. Previously the highest price was $100.30 (adjusted for the 7-to-1 stock split). The bump was likely due to optimism from Morgan Stanley analyst Katy Huberty. In a note to investors, she wrote that iPhone 6 sales should be strong, but more interestingly, she expects Apple to ship 41 million iWatches by the end of the year, and possibly as many as 60 million. She also expects both products to enjoy healthy margins. Share price continued to rise for the rest of the week, closing on Friday at $101.32.

Morgan Stanley wasn't the only firm with a positive outlook on Apple. RBC analyst, Amit Daryanani, though he still holds his forecast at 56 million iPhone 6 sales before the end of the year, believes that new supply chain data could point to 70 to 80 million shipments by the end of 2014.



