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Consider This Longer-Term Apple (NASDAQ:AAPL) Trade


Apple will stay or grow through the end of the year.

MINYANVILLE ORIGINAL Apple (NASDAQ:AAPL) has been all over the news in the last two weeks because of the iPhone 5 release, which was accompanied by a second milestone: Apple stock breaking its all-time high price multiple days in a row. Since September 12, Apple has seen an astounding 6% growth, or $40, crushing the bottom of its 52- week low and this year's start price of $354.24 and $405.00 respectively. The market cap is 653.93 billion. Apple's EPS has seen explosive yearly growth up $12.53 in 2011 to $27.68, with expectations of $44.25 for 2012.

Apple iPhone 5 reviews are suggesting it is the best phone ever made and Apple will be opening five new stores for the release. The company is trying to push its competitors off of its hardware, announcing its plan to create a competing product for Pandora's (NYSE:P) Internet radio software and the removal of Google Maps (NASDAQ:GOOG) as the standard map utility application, while replacing it with its own build. Finally, the iPad Mini and Apple TV Mini are to be released before the end of the year.

Legal fights continue with other competitors, like Samsung (KRX:005930). Apple recently won a suit against Samsung, which is now adding the iPhone 5 to its patent lawsuit litigation, saying it will infringe on eight different patents already asserted by Samsung in the lawsuit.
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