Apple shares surge; up 11.28% in heavy trading today

With share volume of 25,805,034 today, Apple (AAPL) shares rose 11.28%, up $1.63 today on reports of better than expected online music and iPod sales. AAPL closed at $16.08.

Apple today announced that its iTunes Music Store sold over one million songs in less than one week of operation. Apple also reported that over one million copies of iTunes 4 have been downloaded, and that it has received orders for over 110,000 new third-generation iPods since their introduction a week ago, with music lovers snapping up more than 20,000 of them from stores in the U.S. this weekend.

“In less than one week we’ve broken every record and become the largest online music company in the world,” said Steve Jobs, Apple’s CEO in a press release.


  1. Thank God for Steve Jobs and Apple and Pixar! If it weren’t for him and his companies’ innovations and contributions to animation, computing, and now online music, we’d have near total stagnation and lack of foresight and original thinking in those fields.
    Long live Apple and Steve Jobs!

  2. I’ve been totally excited about this all day. I started checking early on this morning, and kept refreshing the page throughout the day to watch the number just get higher and higher. Beautiful.

  3. I just want to thank all those who drove the stock price down below $13 on those crazy Vivendi rumors, allowing me to buy at bargain prices! Cha-ching! (Did people REALLY think Apple would blow all of its cash like that? Or that they wouldn’t get the music store concept right?)

  4. Been waiting for this for awhile. If Apple sells a million copies in a week (bringing in an estimated $300,000 the first week of service with very little overhead), I can’t wait to see what it’ll do once Windows users get onboard!
    Time to buy some more stock…

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