1 More Sign Apple Is Having a Monster Quarter

After struggling for the first half of the year, shares of tech giant Apple (NASDAQ: AAPL  ) have finally shown some signs of life over the past several months. In fact, after their recent run, Apple's shares now sit in positive territory for the year, although they have still meaningfully lagged the broader market indices.

After refreshing what some viewed as a dated product line, sales momentum appears to be quite strong for Apple's newly updated iPhones and iPads. This bodes especially well for Apple in the current holiday quarter, historically Apple's strongest quarter.

Another strong sign for Apple
And if a recent report is any indication, Apple once again led the consumer-electronics pack in the post-Thanksgiving shopping week that includes Black Friday and Cyber Monday. In fact, Apple dominated this key shopping week among consumer-electronics makers so much that its iDevices claimed three of the top four sales spots, according to once source.

However this is just one of several catalysts that Apple has going for it. In the following video, tech and telecom analyst Andrew Tonner looks at the recent Apple news and examines several other potential upside catalysts it has working in its favor.

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  • Report this Comment On December 08, 2013, at 8:49 PM, EquityBull wrote:

    I went to mall yesterday. Was surprised the Apple store was busy but not what I would call very busy or packed like it usually is around this time of the holidays. Definitely a notable tick down in traffic for a Saturday just a couple weeks before xmas.

    Just one data point anecdote. Not sure if more people buying online or will wait until holidays are closer or maybe just less demand in this area (dense fairly well to do central jersey region). I know other stores also selling ipads/phones so they have more points of distribution too. I expected the store to be packed like it has been in prior years when apple was firing on all cylinders. Even if it was just lookers and not buyers checking stuff out.

    Maybe others channel checked stores in their areas and can add some data points

  • Report this Comment On December 08, 2013, at 9:21 PM, Awebb30 wrote:

    Jersey should sell his shares to me.

  • Report this Comment On December 09, 2013, at 8:41 AM, RattyUS wrote:

    Hey, EquityBull, how was the Microsoft store doing?

  • Report this Comment On December 09, 2013, at 8:49 AM, Mathman6577 wrote:

    @EquityBull: You must work with Gene Munster (he bases his analysis on just the Apple NYC 5th Ave. store lines) and all of the other Apple analysts who rely on anecdotal evidence on how the company will do in the future. Did you stay outside the store for hours? minutes? seconds? Did you go to more than one store? Two stores? (Apple has over 400 stores worldwide I think).

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