Apple pushes past $200 a share

“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.

Full article here.

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.

19 Comments

  1. I’m just excited that $200 is still a relatively low number. With upcoming products and the iPhones and iPods still selling extremely well – not to mention how well Macs in general are selling – Apple has much room to grow to the likes of Google numbers.

  2. From Laura the Great Prognosticator:

    “Since third-party software programs cannot run on the iPhone, it is impossible for professionals to read documents in the ubiquitous Microsoft Word format.”

    “Apple’s stated goal of selling 10 million iPhones by the end of 2008 seems ambitious.”

    “The Teflon coating around Steve Jobs has kept the stock options scandal at bay. But the coating may be peeling. Apple stockholders need to know that there is a remote possibility of an Apple without Jobs. Initially, the market would react very badly to that news.

    While applauding Apple’s innovation with one hand, it is time to take profits with the other.”

    – Laura Goldman, May 21st, 2007

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