Featured Article: Podcast - Apple Weekly Report #124: New iMacs, Apple Lawsuits, RIP GoLive & Speaker Reviews
TMO Reports - Apple Stock Hits New 4-Year High; Closes at $50.30
by , 4:20 PM EDT, October 27th, 2004
Shares in Apple Computer (AAPL) closed Wednesday at a new 52-week high of US$50.30, the first time the stock has been above $50 in more than four years.
Shares in Apple closed up $2.33, or 4.86%, on volume of 20.98 million shares. The company's previous 52-week high at market close was set on October 19 at $48.35. Apple's current market value stands at $19.69 billion.
The new close is Apple's highest since September 2002.
The new high comes the day after the company unveiled the iPod Photo, which can store and display digital picture in addition to playing music, and a special edition U2 iPod.
Also on Wednesday, Merrill Lynch analyst Steven Milunovich raised his estimates on Apple for the fiscal first quarter ending December to earnings of 42 cents per share on revenue of $2.95 billion, up from earnings of 40 cents per share on revenue of $2.85 billion.
Observer Comments
Thu Oct 28, 2004 12:06 am Subject:
It is indeed the first time Apple has been above $50 per share since the fall of 2000. Still, on a price to sales basis, AAPL sells at about a 20% discount to Dell. This means there's move for upward movement in the price. If Apple can execute well with all lines and push iPod shipments close to 3 million units this quarter, $60 per share is quite possible.
We follow Apple's finances in the Apple Finance Board forum.
Recent Headlines - Updated Friday, May 9th, 2008
- Fri., 6:00 PM
- iPO Free on iTunes - Aussie UFOs, StrangeThings, Hometown Tales and More
- 5:30 PM
- StrangeCharm - Fewer Particles, More Debris ( Week of May 5)
- 4:05 PM
- MW: The New Rules for Buying a Mac
- 3:15 PM
- OpenOffice 3.0 beta Released for Mac OS X
- 1:30 PM
- Pogue: Time Capsule is So Simple, Just Ignore It
- 1:05 PM
- C|Net: Why Apple Should Build a Game Console
- 10:45 AM
- Hot Forum Topic - The iPhone's March Across the World
- 10:20 AM
- Mailplane 2 Beta Includes OmniFocus Support
- 9:45 AM
- iPodObserver - Apple Canada Offers $45 Credit in iPod Suit
- 9:05 AM
- Apple Settles Power Adapter Suit
- 8:05 AM
- Microsoft Dissolves Yahoo Proxy Board
- 7:30 AM
- TMO Quick Tip - Tracking Application Updates in Dashboard
The Mac Observer Reader Specials
- Download Typestyler, still the Ultimate Styling Tool for Internet, Print and Video Graphics. Works great in Classic with a Native OS X Version on the way. Free Tryout: www.typestyler.com
- Other World Computing: Power up your PowerMac G4! Make you trusty PowerMac G4 like new again with up to 2.0GHz Processor Power. G4/1.2GHz for $199, Dual 1.8GHz $498, & More Plug & Play for like new A-OK for OS 9 & OS X, etc.
Memory For New Intel Core2 DUO MacBooks, MacBook Pro, MacMini & iMacs" 4GB Kit $80, 3GB Kit $60, 2GB Kit $40, 1GB $20. Click to Maximize your Macs...
Mac observers can now play Party Poker for Mac as well as Mac casino games by going to MacPokerOnline.com.For the latest Apple products use Ciao a comparison website to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate cell phones.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.

