Apple has now close to $350 billion market cap. Stock is at $375.07 in after hours trading.
Apple will release its Q3 FY11 earnings today, July 19th at 2pm PDT. The stock market clearly expect great things from the call as the Apple Stock is at an all-time-high of $375.07. It is very likely that Apple will report again several record breaking numbers. We already reported that Apple is seen to have had a record sales quarter for the iPad. In addition Apple is seen to have growth in the computer segment and the iPhone 4 should have done well as well globally.
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What is also driving up the stock price is actually the outlook. Apple is set to have a mega fall with the release of the iCloud, iOS 5 and the iPhone 5. Over the summer the release of OS X Lion (expected tomorrow) will drive more computer hardware sales.