AAPL Financial News Weekly Roundup: Shares Rally, Apple Pay Adds Support and More
Submitted by Jon Reed on
After spending most of December fluctuating on almost a daily basis, Apple (NASDAQ: AAPL) stock saw five consecutive positive days for its first full week of trading in the new year. The share price opened last Monday at $106.25 and closed the week at $112.01. Stocks surged $4.14 on Thursday, almost 4%. It seems the fluctuations are persist however, as the share price is currently down 2.4%. Apple will announce its Q1 fiscal 2015 earnings on Tuesday, January 27th 5 PM ET.

Despite the recent roller coaster, analysts are still bullish about Apple's holiday quarter sales. Investment firm UBS notified its clients last week that it believes Apple may have sold upwards of 69 million iPhones in the December quarter. This would outstrip the Wall Street consensus of 65.5 million sales and would make for a record breaking quarter for Apple.