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Technology Stocks : Apple Inc.
AAPL 259.35+0.1%Jan 9 9:30 AM EST
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From: William F. Wager, Jr.7/18/2005 9:13:15 PM
   of 213182
 
Solid Earnings Help To
Propel Apple Upward...

Apple Computer AAPL had a great
run last year, sprinting more than
250%. By March, it was ready for a
break and slid into its current base.
After a high-volume gap upward
Thursday, the stock is working on
the right side of its base.
It finished Monday about 8% short
of its all-time high.
Thursday’s move came after
Apple weighed in with June third quarter
earnings of 37 cents a share,
up 311% from a year earlier, thanks
to strong sales of iPod digital music
players and increased demand for
Apple computers. That marked the
eighth straight quarter of tripledigit
profit growth.
The Cupertino, Calif.-based company’s
third-quarter sales rose 75%
to $3.52 billion — the third quarter
in a row earnings growth has
topped 70%.

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