Apple heats up, closes at 2013 high heading into holidays

Apple’s weak Black Friday deals didn’t scare investors on Friday as shares climbed as much as 2% before closing up 1.85% at $556.07, the highest close the stock has managed thus far in 2013. Shares are still off from their 12-month high of $589.36 on November 29th, 2012, exactly one year ago Friday. There’s no question that Apple is heating up though, and shares closed out the month of November having gained 6.4%. As the holiday shopping season kicks into high gear, sales of Apple’s flagship iPhone 5s are expected to drive huge results in Apple’s fiscal first quarter, though growth is expected to slow substantially. In the year-ago quarter, Apple racked up a record $13.1 billion net profit on

via Tech News Headlines - Yahoo! News http://news.yahoo.com/apple-heats-closes-2013-high-heading-holidays-182548876.html