Apple shares on the rise

iPhoneCNet is reporting that Apple’s shares are at a new high today, fueled of course in part by their great iPhone opening weekend. It also certainly doesn’t hurt that Apple is making something like 55% profit margin on each phone sold. Not too shabby.

That works out quite well for me as I own shares in Apple and I’m up almost 16% in 6 weeks with it. Now, let us hope that they don’t repeat Microsoft billion dollar mistake of problematic hardware anytime soon. At least let me hit my 20% goal in the stock first :)



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