Apple
As Apple’s stock price continues its roller coaster ride after topping $600 earlier this year, one industry watcher believes the stock is currently in the bargain bin. Apple can already lay claim to the most profitable quarter in history among technology companies, and Topeka Capital Markets analyst Brian White on Monday wrote in a note to clients that Apple is currently on track to record the most profitable year ever among publicly traded companies. “In CY12, we believe Apple is poised to generate the highest annual net income of any publicly traded company ever,” White wrote. Read the full story at Boy Genius Report.
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