Apple Stock Hits New 4-Year High; Closes at $50.30
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.
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/extension.inc) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 108
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/extension.inc' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 108
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/common.) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 110
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/common.' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 110
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/includes/bbcode.) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 112
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/includes/bbcode.' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 112
Fatal error: Call to a member function sql_query() on a non-object in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 532
Recent Headlines - Updated May 23rd
- Wed, 8:28 PM
- Apple Context Machine Podcast - ACM 205: Apple Tax Hearings & Samsung’s Delusions
- 5:23 PM
- Product News - Apple Updates iTunes & QuickTime for Windows, Windows 64
- 2:50 PM
- Quick Look Review - Designed by M’s AL13 Aluminum Bumper Is For The iPhone 5 Purist
- 2:02 PM
- News - Penguin Agrees to $75M Payout in ebook Price Fixing Settlement
- 1:00 PM
- In-Depth Review - An iPhone Veteran Evaluates a Samsung Galaxy Note II
- 11:13 AM
- TMO Appearances - Jeff Gamet Discusses Apple Taxes on MacVoices
- 10:25 AM
- Analysis - Corporate Tax Reform Needs to Start in the US, not Ireland
- 8:25 AM
- TMO Quick Tip - iOS Mail: Archive or Delete Individual Emails
- Tue, 8:16 PM
- Analysis - Apple to Senate: We Comply with the Law - Change the Law
- 5:10 PM
- The Back Page - Samsung’s Delusions of Relevance
- 2:11 PM
- Native Instrument Releases Abbey Road 50s Drummer
- 12:47 PM
- News - Senator Paul: Stop Bullying Apple
The Mac Observer Reader Specials
-
-
-
-
-
-
-
-
-
Support TMO, Buy from Amazon, MacMall and The Apple Store
