“Apple Inc.’s stock flirted with $300 Tuesday as investors high on the iPad’s promise pushed shares to a record peak. Analysts see few reasons to believe shares will stop there,” Jessica Mintz reports for The Associated Press.
“As was the case with the iPhone, Apple’s iPad is setting the standards for this generation of tablet computers as competitors scramble to match the design and functions,” Mintz reports.
MacDailyNews Take: As was also the case with iPod, iTunes, iTunes Store, Mac OS X, the Mac, and the Apple ][.
Mintz continues, “So far, no credible challengers have hit the market… In the first quarter it was available, Apple sold 3.3 million iPads… Rajesh Ghai, an analyst for ThinkEquity LLC, said he believes Apple sold 5.7 million iPads in the most recent quarter, which ended in September. He said that adds about $3 billion in revenue — not bad for a product category that didn’t exist before April. Analysts’ estimates for iPad unit sales in 2011 are in flux, with those on the conservative end putting the number around 20 million while more bullish forecasters say it could be 50 million.”
“Shares in Apple traded as high as $299.50 Tuesday before ending the day at $298.54, a gain of $3.18,” Mintz reports. “Apple’s shares have climbed sharply and fairly steadily since the end of the dot-com bust, from about $7 per share in early 2003.”
Full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Brawndo Drinker” for the heads up.]
$300 now and $400 coming soon!
$300 now and $400 coming soon!
What if only 1 out of 4 students used an iPad for ALL their school books? In the USA? World wide? Now 1 out of 8 retired person to use it as their secondary internet device and reading / media tool. Now, 1 in 20 employees using it at work. How about when they are being used as a video phone device. HOW MANY iPads WILL APPLE SELL? HOW MANY CAN THEY MAKE IS THE QUESTION?
These idiots can’t understand the impact of just one new device that Apple is shipping. They can’t see the tsunami that is upon the technology all around the world that centers on Apple and it’s products and services. SO, HOW CAN THEY SEE WHERE THE STOCK IS GOING!
What if only 1 out of 4 students used an iPad for ALL their school books? In the USA? World wide? Now 1 out of 8 retired person to use it as their secondary internet device and reading / media tool. Now, 1 in 20 employees using it at work. How about when they are being used as a video phone device. HOW MANY iPads WILL APPLE SELL? HOW MANY CAN THEY MAKE IS THE QUESTION?
These idiots can’t understand the impact of just one new device that Apple is shipping. They can’t see the tsunami that is upon the technology all around the world that centers on Apple and it’s products and services. SO, HOW CAN THEY SEE WHERE THE STOCK IS GOING!
Never confuse the value of a share in an equity market with the value of that company’s product in its marketplace.
Never confuse the value of a share in an equity market with the value of that company’s product in its marketplace.
Never confuse Apple with anyone else.
Never confuse Apple with anyone else.
Here’s to the Confused ones, Microsoft, Adobe, Google et.al, wandering aimlessly through life, bitter at their place as followers.
If they had a clue they would concede to Apple and lay down and die.
Here’s to the Confused ones, Microsoft, Adobe, Google et.al, wandering aimlessly through life, bitter at their place as followers.
If they had a clue they would concede to Apple and lay down and die.
@Jax44
Even Apple needs competition. Even thought it is rather lame competition.
@Jax44
Even Apple needs competition. Even thought it is rather lame competition.
I’m confused
I’m confused
Let’s try that again. (Maybe, if I learned how to type, these damn computers would work better).
@Jax44
Even Apple needs competition. Even though it is rather lame competition.
Let’s try that again. (Maybe, if I learned how to type, these damn computers would work better).
@Jax44
Even Apple needs competition. Even though it is rather lame competition.
I’m confused!
I’m confused!
Where will Apple stock go? To infinity and beyond!
Where will Apple stock go? To infinity and beyond!
Well in the Extended Trading Hours 4:00 – 8:00 PM EST: Apple rose +0.69 (+0.23%) It’s now at $299.23 Last Trade as of 7:59 PM ET 10/12/10
Well in the Extended Trading Hours 4:00 – 8:00 PM EST: Apple rose +0.69 (+0.23%) It’s now at $299.23 Last Trade as of 7:59 PM ET 10/12/10
@ 84 Mac Guy,
uh, dude, that is conventional wisdom applied to an unconventional company and its leader. And it DOES NOT apply!
Apple does not need competition. Given freedom to act, as it has had in recent years (without ANY serious competition to speak of until this year with the rise of Android) Apple will innovate and innovate and innovate and move forward, as it always has since the Apple II. It will create new products with new tech and new ideas and new refinements that work better than anyone foresaw.
Your axiom, or adage, or conventional wisdom or whatever it is about needing competition is TOTAL BS in this situation.
People don’t realize. Apple is not reacting to competition. Apple has a vision. It’s following that vision. It’s not following or reacting to competition. Hello? Do you get it now?
It’s every other company who is following Apple (their perceived competition) instead of innovating.
That’s it in a nutshell.
Hope you got it.
@ 84 Mac Guy,
uh, dude, that is conventional wisdom applied to an unconventional company and its leader. And it DOES NOT apply!
Apple does not need competition. Given freedom to act, as it has had in recent years (without ANY serious competition to speak of until this year with the rise of Android) Apple will innovate and innovate and innovate and move forward, as it always has since the Apple II. It will create new products with new tech and new ideas and new refinements that work better than anyone foresaw.
Your axiom, or adage, or conventional wisdom or whatever it is about needing competition is TOTAL BS in this situation.
People don’t realize. Apple is not reacting to competition. Apple has a vision. It’s following that vision. It’s not following or reacting to competition. Hello? Do you get it now?
It’s every other company who is following Apple (their perceived competition) instead of innovating.
That’s it in a nutshell.
Hope you got it.
Does any lucky person here still hold shares bought at less that $10?
I bought the bulk of mine when they were $80 – $90. Wish I’d bought a lot more!
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