Apple Computer shares hit all-time closing high of $48.80 ahead of tomorrow’s media event

“Apple Computer Inc. rose more than 5% Tuesday to a new all-time high as investors bet the company will unveil a new iPod product this week that will help extend Apple’s dominance of the digital music market,” John Shinal reports for MarketWatch. “Apple (AAPL) shares rose $2.58 to $48.80 in trading that was almost twice the average volume. Earlier, the shares touched $48.88 in afternoon trading, a new record.”

“Apple and Motorola Inc. are widely expected to unveil a mobile phone that will include Apple’s technology for downloading songs from the Internet onto portable music players, and have scheduled a press event in San Francisco for Wednesday,” Shinal reports. “The iPod controls 75% of the market for such portable music devices, and investors are betting that the new product will help Apple protect its dominant position as cell-phone makers look to build digital music capability into their products. While Apple has sold more than 20 million iPods since the product’s introduction in 2001, consumers worldwide buy hundreds of millions of cell phones each year. If Apple can get a share of those sales, it could boost sales growth at the iconic computing company.”

Full article here.

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20 Comments

  1. I want a video wi-fi Ipod–hmmm maybe this thing is a ……
    Is this thing a merger of……and…….
    Everyone once in a while you just have to sit back and go
    ahead and let Apple do it…… better…..
    The behavior of the Federal Government in New Orleans–
    Literally black mailing the people of New Orleans, no food
    and water till you sign your city over to us—Literally
    blocking any relief to the city until authority was ceded—
    is a crime against the people of New Orleans. This is nothing
    but a plan to re settle and re locate a population of people—
    a take over and occupation of New Orleans. The media was
    right there –mouthpiece for evil–the voice of evil–“Looters”
    and “refugees” ( what government where these refugee’s fleeing–
    in a way they were refugees–not really americans–) This
    is Bush genocide against the poor. It went according to plan. The
    people are out–Lets build the Casino’s and Hotels–a new
    Superdome. “NO IDEA IS TO CRAZY”—“ITS THE WAVE OF THE FUTURE”

  2. is impacted by so many forces. What kind of investors are holding
    AAPL? Damn…They are a Cult whipping cream!

    CT =====]———— Catfish “R” jumpin’ ” width=”19″ height=”19″ alt=”smile” style=”border:0;” />

  3. Lisa,

    I’, sure you believe that in some way that George W and his “boys” have some control over the weather and it’s devastating impact….. and that they were actually present years and years and years and years (lots more years) and have invested in futures of decaying animal and plant matter which would have become such a valuable commodity today.

    Please… I beg you for the sake of the people of New Orleans and ALL the other affected people that were impacted by the horrific and traumatic events, don’t turn this into a political matter….

  4. To seller:
    And when prices do drop, they come back up and over all records in this post itunes world. I bought right after itunes was released at $18.19 (pre split). I’ve seen it flutter a couple times, but this is one of the very few companies out there doing anything (everything) right, not to mention they will take the OS race from microshaft next year. You cannot deny, you must buy! To those who sell- see you in hell.

  5. I want to line up every columnist and “analyst” that has ever written in the past “beleaguered Apple”, and force them to eat every one of their articles with that phrase.

    Men with no vision should choke upon their own words! Such idiots should sit in silence, making the world a better place.

  6. Actually, the governments of New Orleans and the state of Louisianna have shown how ineffective governments can be (anyone else see the photo of the school buses, which could have been used to move those poor people out of there, flooded with water?). I find the absolute viciousness of these partisan people disgusting (hence why I have to comment on it at a Macdailynews story because one of them found a way to weasel a comment into an iPod story of all things).

  7. PRESIDENT BUSH made it a politcal matter. He presided ov er the federal funds that were not made available to help stop this from happening. It may have been to late to stop it but just the same his administration said no to a flood prone city.

    DONT EVEN TRY TO TELL SOME ONE ON HERE THAT THEY ARE MAKING IT POLITICAL. everything is political. everything.

    Bush is a treasonous fascist bastard.

    He should be executed for treason over the Iraq war. He and his cronies lied through their teeth at the behest of big oil. Bush IS oil. Who is making money off Katrina? Oil companies.

    Instead he (Bush) will go on to the Carlyle Group and make even more money.

    So you Bush lovers can just shut your asses. You stink.

  8. You’re right Tyk. We should have turned the relief effort over to Exxon/Mobile.

    You dumb ass. I wasn’t aware of a non-government organization that was involved in the funding of levees. Stupid conservative f&^khead. SHUT UP! Stick your head back up your arse. Redneck.

  9. nothing! If the special event tomorrow can give the “new” Apple
    newshounds something to study, discuss and write about…They won’t
    have the e-n-e-r-g-y to give the Paris Expo it’s usual review.

    Stock prices always correct themselves…I should say decent stocks do.

    Where she stops, nobody knows! ” width=”19″ height=”19″ alt=”vampire” style=”border:0;” />

    CT ======]———– It’s time for — Bowling for dollars ••••

  10. from a business point of view…from a meat and potatoes kind of guy…
    Apple is performing better than expected and will sell off slightly
    in early trading and then gain some ground towards the week’s end. ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

    CT =======]————— What a card, postcard that is

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