Apple's Stock Broke $69 Friday on Analyst's Upgraded Q1 Financial Expectations

Apple will report on its first quarter financial data on Wednesday, January 12th, during Macworld Expo week. The average analyst expectation from Thomson First Call's survey on Apple's first quarter financial rearnings is 48 cents per share according to this CIO Today article. But increased expectations posted by one analyst from 47 to 50 cents per share buoyed Apple's stock price at last Friday's close. The expectations in turn are buoyed by very strong iPod sales. Look for Apple to beat whatever the financial expectation is as it usually does, at least in the past 5 years. [Dana Baggett]