AAPL Up Strong With Market
Stocks are edging higher, to levels not since since the collapse of Lehman Brothers, on better-than-expected economic data. Shares of AAPL are up strong versus the remainder of tech. Investors continue to be focused on iPhone adoption; update to the iPad; market share growth of the Mac business; further penetration in China and emerging markets; the evolution and potential re-conception of Apple TV; and platforms such as Siri, iAd, iBooks and social (Ping). Shares of Apple trade at 9.5x Enterprise Value / Trailing Twelve Months Free Cash Flow (including long-term marketable securities).
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