Apple iPhone’s FCC certification sends Apple shares up over 2-percent

Apple Store“Regulators approved Apple Inc.’s iPhone for sale in the United States on Thursday paving the way for the much anticipated device to be sold by the wireless unit of AT&T in late June,” Reuters reports.

Reuters reports, “News of the U.S. Federal Communications Commission certification helped send Apple (AAPL) shares up 2.2 percent to $109.70 in late afternoon trading. ‘That’s the primary reason why the stock’s up today,’ said Shaw Wu, an analyst with American Technology Research, adding that it was welcome news despite there being little doubt the device would win approval. ‘They are a brand new player in this space, so it is a big deal,’ Wu said.”

Reuters reports, “The iPhone, unveiled by Apple Chief Executive Steve Jobs in January, is expected to make a splash in the market — despite its $500 price tag — due to its sleek design, large touch screen and ability to play music like the company’s iPod digital media players. ‘The iPhone has passed its required FCC certification milestone and is on schedule to ship in late June as planned,’ said Apple spokeswoman Natalie Kerris.”

Full article here.

21 Comments

  1. These people that are playing stop/sell limits are dopes. They sell now and pay more later. This stock is following the same trend as Google. Apple has decided to let the stock climb wiothout splitting. I see $500/share after several quaters of iPhone growth and the release of Leopard with it’s features that will tie in the iPhone to whole new level of communications unimagined by the market.

    Apple is smokin baby!

  2. Free advertising! Free advertising, who will buy my free advertising.

    Two for one! Every advert you buy comes with friendly bylines.

    Buy now watch you ad appear round the world free for the next six months.

    Free advertising! Free advertising, will Apple inc. buy my free advertising?

  3. Poor Mr. Wolfowitz, he will resign as head of the World Bank just as the iphone is released.

    His press agent advised him that the media would be more interested in the iphones launch than him, so he will be able to leave quietely!

  4. “Apple iPhone’s FCC certification sends Apple shares up over 2-percent”

    oh come on !

    are u completely stupid ? no, i think it’s worse, u are a real asshole, a moron.

    u know what happened yesterday, this is just a jump back to where AAPL was before, who cares about FCC certification, have u ever heard about a product that was not certified ?
    what are u doing ?

    continue like this and u will end up being as criminal and meaningless as engadget.

    u don’t even need anyone to tell u this, u know !

  5. ok, i see, it was a quote.

    well, just don’t quote idiots like Shaw Wu, that’s almost as bad.

    i’m really not happy about this, yes the mac is a better computer, but this site is acting like a 12 year old sect member, or soccer/yourfavoritesport fan, please stop.

  6. Does anyone here now how to buy apple stock if you’re a UK citizen? Have looked into it in the past but have always hit hurdles, or been told it’s too difficult – just the name of a company/broker that can help me would do!

    Cheers!

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