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Marketwatch: ‘Apple rises 4%, defying tech sector selloff ‘

In spite of the technology-sector selloff, Apple has seen its stock rise 4.3% today to US$45.96 reports, Marketwatch. “Art Hogan, chief market strategist at Jefferies & Co., said Dell’s most recent quarterly sales disappointed investors because although unit sales were strong, prices were weak. By contrast, Apple has been enjoying both strong unit sales and aggressive pricing, helping the stock look good in contrast to fellow computer maker Dell, he said.” Today’s stock price represents a 52-week high for Apple.

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