Apple Shares Have Investors in Frenzy

Apple shares have reached US$310.51 as of 3:00 pm ET and have set record highs for five days in a row. Investors are feeling positive about Apple’s earnings report scheduled for Monday.

E*TRADE 10/15/10

AAPL Stock summary, week of 10/11 (Credit: E*TRADE)

Apple may report Macintosh sales near 4 million units on Monday, but may fall just short according to analysts. The recent deals with AT&T and Verizon to sell iPads plus analyst Shaw Wu’s (Kaufman Bros.) assessment that Apple is on track to ship 3 million iPads per month starting in December “with plans to bring in additional capacity (if needed) in 1H11” have investors in a buying mood. Mr. Wu also estimates total revenues of more than US$64 billion for the Apple Fiscal Year.

Apple will announce its Q4 earnings on Monday, October 18 at 5:00 PM EDT. The TMO team will be providing live coverage.