Apple shares closed at $347.73 on October 23 after reaching an intraday high of $351.73, reflecting sustained momentum from fiscal Q3 results that showed revenue of $109.42 billion and EPS of $2.02, both exceeding consensus. The stock trades near 52-week highs amid robust services growth, hardware demand, and a market capitalization above $5 trillion, though forward multiples near 40 times earnings leave limited room for disappointment. With fiscal Q4 results scheduled after the close on November 2, today’s session lacks immediate earnings catalysts, leaving broader equity sentiment, sector rotation, and any follow-through from the recent iPhone Duo launch as key influences on the final print.
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