Apple Highlight; Shares’ Response to Consumer Feedback

Posted by on Aug 02, 2010 | 1 comment

Shares of Apple Inc. (NASDAQ: APPL) climbed nearly 2% to $262.28 in today’s mid-day trading, moving on volume of 28.4 million. In the past months, shares of Apple have gained 6.22%, largely attributed to its release of the iPhone 4. However, the company’s stock hit a rough patch in the last week of June that continued in the first two weeks of July. This was mainly due to the iPhone 4 reception problem issue. After the successful launch of iPhone 4, complaints about the smartphone’s reception problems stated to surface in the last week of June, leading to a decline in the price of the Apple Inc. stock.

As investors continued to batter the stock, Apple responded with a press conference to discuss the reception problems issue. Following this, the stock saw a rebound in the second-half of July. The stock was also boosted by the strong third-quarter financial results announced by the company on July 20.

The iPhone 4 has now been launched in 17 more countries. Despite all the problems surrounding it, the iPhone 4 has been the most successful product launch in Apple’s history. The company’s other big product launched this year, the iPad, has also been a success. The Cupertino, California-based company launched the iPad in the third quarter. The company reported that it sold 3.27 million of the new device in the third quarter.

As per a survey by IDC for the month of June, Apple is the seventh largest company in the global portable computing market. However, these results are excluding the iPad. If the iPad is included then Apple comes in at number three, reflecting the impact the launch of iPad has had on the company’s fortunes.

Apple has had two product launched this year so far. Year-to-date, the stock has gained 33.92%. The stock has a 52-week range of $159.42-$279.01. It is now trading above its 10-day, 20-day and 50-day moving averages.

Shares of Apple have broken through the stiff resistance level of $259.67. The stock faces some resistance at $262.08 and $264.50. The stock has support at $254.87.

Apple has issued strong guidance for the fourth quarter. The company also expects to launch some amazing products later this year. The technology giant has consistently launched innovative products that have become huge hit. This is has been the reason behind the company’s success, in the past decade.

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About BeaconEquity.com

BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

Beacon Equity Group Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

  • http://ecostockpicks.com/blog/apple-highlight-shares%e2%80%99-response-to-consumer-feedback/ Apple Highlight; Shares’ Response to Consumer Feedback

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