Shares of Apple reached a new all-time high today amid expectations that the company will report record earnings later this month.
Earlier today the company's stock hit $427.75, passing its previous all-time high from mid-October. After that milestone, Apple's stock had taken a bumpy ride down to $363.37 after the company, posting lower than expected fourth-quarter earnings.
Apple is set to report its first quarter earnings for 2012 on January 24. In October the company predicted it would bring in $37 billion in revenue and projected earnings of $9.30 per share, numbers that are likely to be fueled by sales of the iPhone 4S. A smattering of analyst predictions on that total numberexpected that number to fall somewhere between 25 and 35 million iPhones sold.
All the latest Apple news, featuring developments on the iPhone, iPad, Macbooks, OS X and much more.
Jun 23New Apple Store gets a MacBook roof
Jun 23The 3:59 extended edition: Are you an iPad Pro or Surface Pro?
Jun 23How the iPhone came to be (Apple Byte Extra Crunchy Podcast, Ep. 89)
Jun 23How the iPhone came to be (Apple Byte Extra Crunchy, Ep. 89)