Apple's share price hits a new high

Shares of Apple reached a new all-time high today amid expectations that the company will report record earnings later this month.




Earlier today the company's stock hit $427.75, passing its previous all-time high from mid-October. After that milestone, Apple's stock had taken a bumpy ride down to $363.37 after the company missed Wall Street's expectations, posting lower than expected fourth-quarter earnings.

Apple is set to report its first quarter earnings for 2012 on January 24. In October the company predicted it would bring in $37 billion in revenue and projected earnings of $9.30 per share, numbers that are likely to be fueled by sales of the iPhone 4S. A smattering of analyst predictions on that total number polled by Fortune earlier this week expected that number to fall somewhere between 25 and 35 million iPhones sold.

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Josh Lowensohn grew up in a household full of technology. From a young age he was taking apart computers, snaking Cat 5 cable through walls, and reprogramming video games. Josh covered breaking video game news and wrote game reviews. Since then he's spent his time covering everything from Web apps to all of Microsoft's latest moves. For this blog, Josh is keeping a close eye on everything Apple.

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