Apple Shares Hit All-Time High
NEW YORK (
) -- Shares of
Apple
(AAPL) - Get Apple Inc. (AAPL) Report
surged to an all-time high on Wednesday morning, hitting $428.08.
The iPhone maker, whose shares are up 25% in the past 12 months, enjoyed a lift from an RBC report that upped its price target to $525 from $500 in anticipation of the company's strong iPhone demand during the first quarter.
|
TheStreet Recommends
Apple will announce first-quarter earnings results on Tuesday, Jan. 24. Analysts are expecting earnings per share of $9.98 and revenue of $38.65 billion.
The company is also expected to announce a push into the digital textbook space Thursday at a special event in New York City.
--Written by Olivia Oran in New York.
>To follow the writer on Twitter, go to
.
>To submit a news tip, send an email to:
.
