Apple shares up strongly, hit new all-time high on report of better than expected Mac sales

Apple Computer (AAPL) today rose $1.04, to a new all-time high $53.68 in morning NASDAQ trading.

Before market open, analyst Shaw Wu of American Technology Research raised his September-quarter estimates on Apple from a profit of 36 cents a share on $3.6 billion in revenue to a profit of 39 cents a share on $3.7 billion in revenue.

Wu said American Technology Research’s industry checks suggest Apple’s Macintosh sales are doing better than expected due a strong back-to-school selling season.

In addition, analysts at Deutsche Bank have initiated coverage of Apple Computer with “Buy” recommendation.
Mr. Enderle, paging Mr. Rob “surveys indicate demand for Apple’s products is dropping like a rock due to Intel switch, fourth quarter should be ugly” Enderle?

Related articles:
Tech Pundit Enderle: ‘fourth quarter should be ugly for Apple’ – August 09, 2005
Enderle: ‘Surveys indicate demand for Apple’s products is dropping like a rock’ due to Intel switch – August 01, 2005

Apple Computer shares hit new all-time high – September 19, 2005
Apple continues to grow worldwide Macintosh market share – July 25, 2005
Gartner: Apple grows shipments 31 percent in Q2 2005, moves from 5th to 4th in U.S. market share – July 18, 2005
IDC: Apple gains U.S. market share at double overall market rate, up to 4.5 percent for Q2 2005 – July 18, 2005

33 Comments

  1. yahoo, first post!

    so, what happened to that whole “ohh, apple dropped the intel bomb, and so mac sales are going to plummet!” BS?

    (this written from a brand new g4 ibook) ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

    mw: right, as in, “even though intel macs are just around the corner, i feel i’ve done the right thing by purchasing this ibook.”

  2. It’s hilarious how every time one of these moron anal-ysts predicts doom and gloom for Apple, they have to completely reverse field just a short time later. Whether is iPods or Macs, it never fails. LOL

  3. So how high does Apple have to go, and how low does Microshaft have to go, before Steve Jobs can do a leveraged buyout of MS. Then he can either shut them down, or have them do it right. Also, Bill Gates can be committed to either a home for the feeble-minded, or an asylum for the criminally insane.

  4. It is clear that Mr. Enderle is attempting to acquire Apple stock. He makes a doom and gloom prediction to try to get the price to drop a bit, buys a few shares and then waits for Apple Reality to bring the stock price up.

    I don’t know if it’s working for him or not but I am acquiring as much of the stock as I can get. I see nothing but upside potential for Apple over the next three years, esp. as they roll out the new Intel-based hardware.

    GO APPLE!!!

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