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.
Fool contributor Andrew Tonner owns shares of Apple. Follow Andrew and all his writing on Twitter at @AndrewTonner. The Motley Fool recommends and owns shares of Amazon.com, Apple, Facebook, and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.