Shares of Apple rose 98 cents, or more than 4 percent, to trade at a 52-week high of $20.85 Thursday after the company reported better than expected third quarter results on Wednesday. For the quarter ending June 30, Apple posted a profit of $19 million, or 5 cents a share, on revenue of $1.545 billion. In the year ago quarter, the company reported a net income of $32 million, or 9 cents a share, on revenue of $1.43 billion. Analysts surveyed by Thomson First Call expected a profit of 3 cents a share on sales of $1.49 billion.