The end of scandal: Apple Inc. (NASDAQ: AAPL) shares may climb higher

Apple Inc. shares may rise in price

In brief: Apple Inc. (NASDAQ: AAPL) is heading for a gain against the background of the scandal. Bullish trend is to recover by the middle of trading, analysts say.

Apple Inc. (NASDAQ: AAPL) shares sagged yesterday against the background of negative reports and scandal in Asia. Investors are expecting a rise in company shares rise today.

Apple Inc. (NASDAQ: AAPL) international supplies manager Paul Shin Devine, earlier suspected of bribe taking in exchange for confidential information, has been acquitted by the US Federal Court. The data he allegedly supplied to contractors allowed them signing contracts on more favorable terms. Earlier, investigators insisted the manager earned up to $ 1 mln. Devine was in charge of iPod and iPhone components supplies since 2005.

Igor Tringlers
2010-08-17 12:02, Economics.

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2 comments к “The end of scandal: Apple Inc. (NASDAQ: AAPL) shares may climb higher”

  1. Brian Says:

    A slight correction. Paul Devine plead “not guilt”; He was not acquitted. The two concepts are significantly different.

  2. Brian Says:

    “not guilty”, that is.

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