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Analysts cynical of Apple gains

Time: 17:42 EST/22:42 GMT | News Source: Macworld UK | Posted By: Erick Cordero

Apple's shares closed at a 52-week high of $29.30 yesterday, beating the previous one-year high of $28.32 met on April 5. However, despite Apple's impressive second-quarter results, Prudential Equity Group has questioned whether the recent performance is sustainable, suggesting that good iPod sales will not result in long-term profitability.

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