Wall St. Cheat Sheet

Apple Stock Hits New Peak for 2013

December 04, 2013

Newly released data from market research firm Parks Associates also indicated a strong holiday shopping season for Apple. According to Parks Associates’ research, Apple is currently dominating seven key categories of planned consumer electronics holiday purchases, including desktop computers, laptops, tablets, smartphones, MP3 players, streaming media devices, and home networking routers. Finally, Apple’s stock price has also benefitted from the $60 billion share repurchase program expansion that the company announced in April. As noted by Apple Insider, Apple’s stock buyback has decreased the company’s share count from a peak of 940 million last September to fewer than 900 million shares today.

From the article, "Apple Stock Hits New Peak for 2013" by Nathanael Arnold.

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