Reports regarding over-heating of the new iPad and potentially huge data charges have not dampened demand for Apple’s stock. Since the news about these two “problems”, shares have moved from a low of $590 on Monday to a high of nearly $610 yesterday–just shy of the all-time peak. Analysts expect that Apple will sell has many as 12 million of the new iPads in the current quarter. iPhone 4S sales show no sign of slackening. And, Apple is expected to release the new iPhone 5 with 4G LTE capacity later this year. That should cause another surge in revenue.
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