AAPL Financial News Weekly Roundup: Q3 Earnings Expected to be Strong, iPhone 6 Production to Begin and More
Submitted by Jon Reed on
Apple Inc. (NASDAQ: AAPL) closed at $94.43 with a volume of just under 50 million shares, which is about average in recent weeks. As of this writing, AAPL is trading at $94.66, which doesn't seem too exciting considering the company is widely expected to post strong numbers when it releases its Q3 earnings after today's closing bell. The iPhone largely drove sales in the first half of 2014 and, according to Bidness Etc., third quarter sales will be strong as well, with analysts expecting 35.88 million units sold (UPDATE: Q3 earnings report is in). This will miss second quarter sales of 43.72 million units, but it was expected that customers would hold off buying new iPhones this quarter, with the iPhone 6 launch just around the corner.

In other news, we recently reported that Apple CEO Tim Cook was looking for new members for Apple's Board of Directors. This past week, on Thursday, Apple announced that Susan L. Wagner, founding partner and director of BlackRock, has been elected to Apple's board of directors. She will replace Bill Campbell, the board’s



