Beacon Equity Research: Apple (AAPL) Continues to Dominate the Phone Market
Shares of Apple Inc. are trading marginally higher today as the iPhone gains snowball-like momentum! AAPL recently announced the iPhone4S topped 1 million pre orders in just one day. AAPL is now merely trading $18 dollars off its all time high of $422.86 and is now trading above its 20 day moving average with a good amount of room to the upper Bollinger band. The iPhone 4S looks the same as the old iPhone 4, but it is packed with many of the features that were expected on the anticipated iPhone 5. The 4S has beaten the pre-order record of…