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Tuesday, January 10, 2006

AAPL Breakout on Continued Impressive Performance

At the annual MacWorld show in San Francisco, Steve Jobs announced sales had grown by 63% from a year ago vs. analyst expectations of 44%. He also announced a number of other initiatives, including the launch of the first Apple PC's powered by Intel chips.

While the stock has rocketed over the last 2 years, currently trading at an all-time high, AAPL's performance has similarly rocketed, as Jobs and co. continue to impress and beat analyst expectations. The huge revenue growth announcement and other initiatives combined with the breakout to new highs should propel AAPL to even higher levels in coming weeks.

posted by GreatTrades  # 9:29 AM

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