After digesting Apple’s historic earnings report, investors have decided to buy more Apple stock.
Apple is up 9% in pre-market trading. It was only up 5% after hours last night, so investors have clearly gotten more excited about Apple’s potential.
Apple is now trading at ~$US119, which puts it in range of its all-time high, which is $US119.75, per Yahoo Finance.
The company reported 74.5 million iPhones sold during the holiday quarter, a 46% jump year-over-year, well ahead of expectations that the company would sell 65 million units.
We’ll keep an eye on the stock all day and update this post.