SAN FRANCISCO (MarketWatch) -- Apple
Inc. shares on Monday climbed almost 6%, to $558.30 in afternoon trading. Topeka Capital Markets analyst Brian White said in a research note that the recent selloff in Apple's stock over the past eight weeks "has gotten to the point of being 'insanely insane.' White said that investors are overlooking the impact new products such as the iPhone 5 and iPad mini will likely have Apple's holiday season business. Separately, there were also reports out of Taiwan that chip-component makers there are gearing up
for new orders from Apple for the next version of the iPhone to come out next summer.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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