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Apple stock up over 145 percent this year

Forbes reports that shares of Apple (AAPL) gained more than 35 percent in October, and are up 145 percent for the year. The stock got a boost from Apple’s fourth-quarter earnings report, which showed net income doubled to US$106 million. According to an analyst note from Credit Suisse First Boston, Apple shows “no signs of slowing down.” The firm said Apple’s next quarter “is shaping up to be one of the best on record owing to a confluence of factors, including strong seasonal demand, exciting product cycles, improved supply and inventory refills all occurring at the same time.”

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