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. “made available to stop this from happening”…. I’m absolutely speechless that you could make such a statement…. this was truly an act of God that was way beyond the control of man. Regardless of who was in control of the political agenda at the time, the outcome would have been the same….. wake up!

  2. Geeze Lisa,

    Does George W hire out his magic weather machine. We could do with some rain here in Australia.

    Maybe if you yanks didn’t all own huge 6 or 8 cylinder 4WDs or SUVs pumping crap into the atmosphear Mother Earth may not be so pissed off.

    (not that my statement makes any sense either)

  3. The Dude…

    Well it’s up to America to oust Bush. We the rest of the world have no say in the matter.

    Recently I’ve started watching less and less television (except for the odd bit of purely fictional entertainment) and you’d be surprised how happier my world has become.

  4. The Dude:

    You need to stop believing all of the pap your chosen political side keeps spoon feeding you. Try and think for yourself.

    Not to defend Bush, but did you ever ask yourself who was the first line of defense for these poor people, a line of defense that miserably failed them? Could it be the Gov. of LA and the Mayor of N.O.? Not exactly of the same political camp.

    In short, maybe it’s you that needs to take their head out of their arse!

  5. Not to defend Bush, but did you ever ask yourself who was the first line of defense for these poor people, a line of defense that miserably failed them? Could it be the Gov. of LA and the Mayor of N.O.? Not exactly of the same political camp.

    Wow.. they’re Dems? I didn’t think anyone in the hick states voted for Kerry… hm.

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