Tech stocks: Apple to report earnings
Shares of Apple are up slightly in Monday morning trading as the company prepares third-quarter earnings results after the markets close.
The report could shed additional light on the success of Apple's latest smartphones, the iPhone 5s and the lower-cost 5c. Apple says more than 9 million iPhones were sold during the devices' first three days of availability.
Last week, Apple unveiled two new iPads, both of which roll out in November. The iPad Air features a lighter, thinner frame, upgraded A7 processing chip and a M7 coprocessor. Also, Apple announced an iPad mini with faster processing and the crisper Retina display.
Apple stock has rebounded in the last six months, during which the company reached a 52-week low of $390.53. Apple shares are trading at above $525.
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