“Technology stocks came to life in afternoon trading Wednesday, as Apple Inc. led a late rally after the computer and consumer electronics company’s shares climbed abover the $200 mark for the first time in Apple’s history,” Rex Crum reports for MarketWatch.
“Apple rose $2.00 to $200.80 in late trading. It is largely expected that the company had a strong holiday-selling season that was bolstered by sales of iPods, MacBook laptop computers and iPhones,” Crum reports.
“Amazon.com Inc. shares rose $2.15 to $93.88. Before the market opened, the online-retailing giant said that it completed its best holiday season ever by selling 5.4 million total items. Amazon said its top-sellers included Apple’s MacBook as well as Garmin Ltd.’s navigation devices and ‘Call of Duty 4,’ the Activsion Inc. video game,” Crum reports.
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MacDailyNews Note: “I am putting a sell on Apple, the company that created the iPhone,” Laura Goldman, investment advisor, LSG Capital, May 21, 2007. AAPL closed at $111.98 that day. Apple has currently risen over 79% since Goldman’s “sell” recommendation.