Just ahead of the release of earnings information, analysts have driven up the price of Apple stock. The unlocked iPhone 4 maker shares were able to reach a level of three and $373.80 at the close of the day on Monday. This was as high as the stock ever been. The first analyst to release information regarding the earnings was Colin Gillis, who was able to raise the price of the stock from $390 to $430 per share. That analysis firm was very positive on the outlook for the earnings for the company, and responded by saying that they did not deliberately release a positive outlook on me earnings, in an effort to change the price of the stock.
During the last quarter, Apple reportedly sold anywhere between 15 and 20 million different iPhone’s during the period. The average estimate has a company selling 16.9 million iPhone, which would be a huge number compared to some of the other numbers.
It will be interesting to see what the exact figures released are moving forward. So far, Apple has been fairly quiet about the exact number of iphone 4 unlocked that they’ve sold at this time, but the figure is expected to be very high. Apple is expected to report that they earned as much as 584 per share, and had revenue of over 24 billion for the last quarter of the year. It will be interesting to see if they are able to live up to the expectations of the analysis firms, and whether or not the stock is overvalued at this time as a result. Apple stock is not expected to hold its current position, the inflated physician that came as a result of the earnings analysis from various firms, but is expected to see a jump from its previous position as a result of the high earnings from the company.