AAPL: Citi and Piper's reports are helping Apple...

2:47 PM Citi and Piper's reports are helping Apple (AAPL +3.1%) turn in another strong performance; shares are now up 16% from their Nov. 16 low. The gains come even though Pac Crest's Andy Hargreaves is slashing estimates (albeit keeping them above consensus) and predicting Apple's gross profit per iPhone unit has peaked after steadily rising for 5 years. Hargreaves now thinks the iPhone 5 will have a cost of goods sold of $370, up from a prior forecast of $353. (Read the comments on this)

See more Market Currents on Tech, Quick Ideas, On the Move

Recent articles on AAPL:

Apple: Bottom Target Hit, And New All-Time Highs Coming by Avi Gilburt

Apple And Samsung Add Every Device But The Kitchen Sink To Their Patent Dispute by Zvi Bar

Don't Miss The Weakness In Apple by Neal Razi

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