“Apple Computer’s stock has continued to soar along with sales of its iPod digital music player, topping $50 a share for the first time in four years. The stock, which has doubled since January, has risen 25 percent just this month. The latest spike followed Apple’s Oct. 13 announcement that it had sold 2 million iPods in the past quarter. Shares continued to climb following Tuesday’s announcement of the iPod Photo, which is arriving just in time for the all-important holiday shopping season,” Ina Fried reports for CNET News. “Apple’s share gain is in sharp contrast to the performance of rivals such as Dell, IBM and Hewlett-Packard, whose stocks have been more or less treading water for much of this year–even losing ground in HP’s case.”
Apple shares today shot up $1.89, or 3.76%, to close at $52.19, setting another 52-week high. The company’s Market Value now stands at $20,245,805,750.
Incredible. Their stock is at the highest levels it’s seen since September 2000.
I think it’s safe to say Apple’s stock is one of the best stocks this year.. wow..
AAPL’s market cap is actually up 51.21%�in the last 53 days alone, and – from being a peer of Adobe’s in market terms – AAPL is now worth 52% more than than its near neighbour.
Stunningly, Apple is now only (!) $11.7 billion away from the valuation of Sony (SNE) – which means that the company is probably only two good quarters from being worth more than the consumer giant that was once tipped as a potential ‘white knight’ to keep Apple alive. That this turnaround should happen as a direct result of Apple’s iPod development and Sony’s inability to address the market it once dominated is particularly ironic.
I think it’s safe to say Apple’s stock is one of the best stocks this year.. wow..
One of. Yes and wow! Google’s arc is quite a bit steeper, though.
I expect plenty of profit-taking at the bell.
Dang, I keep kicking myself for not buying more. Oh well, at least I am making something off it.