Among today’s NASDAQ gainers, Apple Inc. advanced almost 3% to $133.88,” Matt Andrejczak reports for MarketWatch.
“J.P. Morgan analyst Kevin Chang said Apple might be preparing to launch a less expensive iPhone near the end of 2007, using a design based on the iPod Nano. He cited a filing with the U.S. Patent and Trademark Office that suggest Apple is developing a cheaper device aimed at younger consumers,” Andrejczak reports.
Full article here.
MacDailyNews Note: Apple’s market cap currently stands at $115.64B and is closing in on HP’s which currently stands at $118.79B.
[Thanks to MacDailyNews Reader “Mike” for the heads up.]