Shares of Apple hit a new all-time high Tuesday — approximately US$560. The stock is up 5% since the company debuted the iPad last week.
Apple’s stock price has outpaced the increase in profit projections from the start of the year. According to data from Thomson Reuters, analysts were expecting Apple to earn $34.67 a share for the fiscal year ending in September. The consensus forecast is now $42.86.
That’s an increase of “only” 23.6%, notes “CNN Money.” For more info go to http://money.cnn.com/2012/03/13/technology/thebuzz/index.htm?section=money_technology .
