Don't you wish you had bought Apple shares on Monday?

apple3.jpg The stock is up over 6 percent today, to $447 and change (it had been up as much as 8 percent). Some analysts say that shares could top $700 by next year. Of course, that's what happens when your quarterly profit more than doubles from a year earlier. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline," CEO Tim Cook said in a statement. Like what? Per its secretive ways, the company isn't saying, though Apple watchers say that some sort of television and an updated iPad are the likely prospects. By the way. the 52-week low was $310.50.

Chart: NYT


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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