“Apple shares have climbed back to $400, up nearly 3% today, as analysts cheer word that people are actually interested in buying the iPhone 4S,” Mark Gongloff reports for Bloomberg.
“The stock of the biggest US public company was last at $400 a share intraday on September 29,” Gongloff reports. “They suffered an unusual two-week tumble ahead of the October 4 unveiling of the iPhone 4S and then fell even further after said unveiling disappointed hopes for an iPhone 5.”
Gongloff reports, “But Apple shares have rallied hard in recent days, which some called a tribute to the late Steve Jobs, but also driven by word that there might be more demand for the iPhone 4S than the ‘we were promised jetpacks’ crowd realized.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]
These guys kill me… The stock is manipulated to make those who know money… They are making me tons.., but I believe the last BIG opportunity just passed… Almost $50 per share in 3 days… Who need dividends with that kind of profit to be made…
It probably won’t hold the $400 level. Today’s the third time in a couple of months it’s breached $400 and dropped back within days. It’s just teasing, so you’ll probably have a lot more opportunities as Apple stock continues to be toyed with.
Well, there is Q4 earnings to be reported Oct.18. The bar will likely move higher after that, I think. $400 may become the new floor.
Wait, wait, wait. I alrrady bought the 4s…. And now you’re tellimg the there are NO jet packs?!?!
Do I have to return my George Jetson costume?.
And thus a new term is born…
Jetpack crowd
anyone with unrealistic expectations.
Can we have a list of the tech blogger/ANALyst who were so sure of the iPhone 4S failure? 😉
Steve is smiling down from heaven right now.
Where’s Ballmer’s Left Nit?
I wanna see some humble pie eating!!!
Actually, Apple never promised jetpacks. But, that didn’t stop people from expecting them. I heard a rumor they will be incorporated into iPhone 5 and in 6 the wonder phone will beam us around. No, really.
I haven’t yet heard from anyone in the “jetpack” crowd what specific feature they expected and didn’t get with the 4S, other than the number 5 screened on the box. Eh?
And this one goes to five!