Analysts are Bullish on Apple Inc. (AAPL) Going into 2014
Submitted by Jon Reed on
After having its strongest November performance ever and then reaching a 52 week high of $577.25 on Thursday, December 5, Apple Inc. (NASDAQ: AAPL) stocks came down a bit, ending last week at $554.43. Despite the drop, analysts remain bullish about the company's future.

According to The Motley Fool, Apple still has plenty of room to grow. Stock prices have risen 40% since June yet still remain 20% lower than last year's all time high. The company has also upgraded its product portfolio in recent months with the addition of the iPhone 5s and the iPhone 5c. The 5s has been the best selling smartphone for all four major U.S. carriers in each of the past three months, while the 5c has held the second or third spot at each carrier. Additionally, the iPhone has enjoyed success in foreign markets recently, with the 5s, 5c and 5 taking three of the top four spots for global smartphone sales in October. The 5s and 5c are likely to launch on China Mobile this week, which should result in a surge in sales.