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Published: Thursday, 7/21/2011

Apple stock zooms to highest price ever

BLADE STAFF AND NEWS SERVICES

Apple Inc.’s stock jumped to its highest price ever, after record sales of iPhones and iPads helped third-quarter profit blow past estimates.

Profit more than doubled to $7.31 billion from $3.25 billion a year earlier, Apple said. Sales climbed 82 percent to $28.6 billion. Analysts had predicted profit of $5.87 a share and revenue of $25 billion, according to Bloomberg data. Apple shares jumped 3 percent Wednesday to $386.90 on the Nasdaq Stock Market.



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