Apple Inc (NASDAQ:AAPL) Stock Not Moving Beyond $550; Tim Cook Remembers Steve Jobs' Birthday on Twitter
By Reissa Su | February 26, 2014 12:03 PM EST
Apple Inc (NASDAQ:AAPL) stocks continue to stay within the $490 and $550 range with analysts saying the company may not be doing so well since the last time it announced its earnings report. Several analysts have predicted that Apple shares will continue to move within a certain range. OCBC Investment Research analysts said that Apple Inc stocks could decline as low as $490 and will not go beyond $550 in for some time in the foreseeable future.
Apple Inc CEO Tim Cook speaks about the new iPad Air and the iPad mini with Retnia display during an Apple event in San Francisco, California October 22, 2013.
Apple Inc remains a favourite stock among billionaires, according to Fortune which created a chart of top ten holdings by billionaire investors based on iBillionaire data. An iOS application, iBillionaire and Web site, iBilliionaire.me, has transformed into an exchange-traded fund (ETF) that offered investors a 30-stock portfolio chosen to mimic the investment strategies of 21 billionaires, including George Soros, Warren Buffet and Carl Icahn.
Rumoured Touch Macbook to drive stocks?
Rumours of Apple Inc releasing a Touch MacBook have been circulating for quite some time. With investors continue to await Apple's next big and innovative product, news of the tech giant filing a patent with a MacBook housing a I/O device was of interest. Apple observers and reports said this could mean a new feature that would enable MacBook users to have more input "motions" with an interactive touchscreen display with sensors placed along the bezel and base of the device.
Since the information is based on a patent, there is no way of knowing if Apple will include the specified innovation to any of its products within the year. The company is known for its secrecy before launching its new products that reliable information is hard to come by.
If a Touch MacBook would indeed make its way to the market, it may be something to watch out for if it could drive Apple stocks beyond the $550 mark set by analysts.
Tim Cook remembers Steve Jobs' birthday
Apple co-founder Steve Jobs would have turned 59 on Feb 24, 2014, if not for his death in October 2011. Apple Inc CEO Tim Cook and Mr Jobs' COO back when he was still head of the company took to social media to commemorate the iconic Steve Jobs. Mr Cook tweeted a few quotable quotes of Mr Jobs in his honor.
Mr Cook tweeted "Remembering my friend Steve on his birthday" followed by another, "Stay hungry, Stay foolish." Mr Cook said he and everyone in the company will honor Steve Jobs by continuing his work.
A few minutes later, Mr Cook tweeted another quote,"Details matter. It's worth waiting to get it right."
Apple has come a long way from its humble beginnings in Steve Jobs' parents' house garage with co-founder Steve Wozniak.
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