Apple Stock Up 9pc

Jay Decenella, IT audit expert
April 25, 2012 /

Headlines had it that the Apple stock has jumped by 9 percent on strong earnings Wednesday as the company announced that its Worldwide Developers Conference (WWDC) will take place from June 11 June 15 2012 at San Francisco’s Moscone West.

This development signifies Apple’s recovery from the 13 percent fall of its shares since mid-April. The leap has been significantly spurred by a record second quarter during which Apple sold 35 million iPhones and nearly 12 million iPads, a major portion of which coming from China.

Apple’s gains lifted the Nasdaq 1.95% in early trading, to 3,019, to overrun Dow Jones’s lesser 0.5% gain.

Meanwhile, the June conference, which features more than 100 technical sessions by Apple engineers, will focus on the future of iOS and OS X, in an attempt to discover the “latest innovations, features and capabilities of iOS and OS X Mountain Lion.”

Apple said in a statement” “The iOS platform has created an entirely new industry with fantastic opportunities for developers across the country and around the world.”

“We have a great WWDC planned this year and can’t wait to share the latest news about iOS and OS X Mountain Lion with developers,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “The iOS platform has created an entirely new industry with fantastic opportunities for developers across the country and around the world.”

 

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