Wall Street Low-Balls Apple, Gets iPhone and China Wrong
Apple's performance was clearly boosted by the launch of the iPhone 4S in China in January and the addition of China Telecom as an iPhone partner in March. The iPhone 4S is now available in more than 100 countries and is sold via 230 carriers, according to Apple CFO Peter Oppenheimer.
Apple shares climbed $47.71, or 8.5%, to $607.99 today.
--Written by James Rogers in New York.
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