The computer hardware industry closed the day up 3%. Radcom ( RDCM), Dot Hill Systems Corporation ( HILL), Hauppauge Digital ( HAUP), and Network Equipment Technologies ( NWK) were all winners today within the computer hardware industry with Apple Incorporated ( AAPL) being today's featured computer hardware winner. Apple Incorporated rose $18.99 (5.1%) to $388.79 on light volume. Throughout the day, 15.3 million shares of Apple Incorporated exchanged hands as compared to its average daily volume of 22.7 million shares. Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. Apple Incorporated has a market cap of $350.6 billion and is part of the technology sector. The company has a P/E ratio of 15, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 17% year to date as of the close of trading on Friday. TheStreet Ratings rates Apple as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
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