Apple Inc. (AAPL) Suddenly Worth Only $299 Billion?.
January 24, 2013 - 9:59am
By ValuewalkApple Insider did some extra math and discovered that although many reports indicate that Apple Inc. (AAPL)’s earnings for the recent quarter were flat from the same quarter last year. However it points out that last year’s quarter had an extra week, so in reality, Apple’s revenues were 25 percent higher and its earnings were 13.5 percent higher. Nonetheless, the company’s cash position and the post- and pre-market sell-off of the stock has given the entire company a $299 billion value, according to Apple Insider. Meanwhile ABG analyst Sundal Collier has given the stock a Sell rating.Continue reading this article »