MacDailyNews Take: Shares of Apple Inc. (AAPL) are currently up $7.85 (3.73%) to trade at $218.56. Apple’s market value currently stands at $198.19 billion.
Crum reports, “Before the market opened, Apple said the iPad will go on sale in the U.S. on April 3, with pre-orders being taken beginning March 12.”
“The daily gain was the biggest one-day move since Apple shares gained 4% on Jan. 19, according to FactSet,” Crum reports. “With Apple in the lead, tech stocks rose across the board. The gains were helped by positive reaction to the latest jobless-rate report, which said the U.S. unemployment rate in February held steady at 9.7%.”
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James Rogers reports for TheStreet, “The consumer technology giant said that Wi-Fi models will be available on April 3 and Wi-Fi + 3G will be available later in the month. U.S. consumers will be able to pre-order the devices a week from today, on March 12, or reserve a Wi-Fi model to pick up at an Apple retail store on April 3.”
“Apple’s shares surged $7.40, or 3.51%, to $218.11 by late morning on Friday, as investors responded to the iPad news,” Rogers reports. “The company’s stock easily outpaced the broader technology market, as the Nasdaq gained just 1.12% over the same period.”
Rogers reports, “Analyst firm Goldman Sachs forecasts that Apple will sell 6 million iPads during calendar 2010, although Wall Street consensus is around the 5 million mark.”
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