The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
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.

Recent Headlines - Updated April 18th

Thu, 7:56 PM
Apple’s First WSJ Mention: Just Three Words in 1978
6:28 PM
How To Bend iTunes Radio Stations To Your Will With Tuning Options
5:51 PM
RadioShack Planning iPhone 5s Discount this Friday
4:50 PM
Honda’s ASIMO Personal Robot is Scary Good in its Movements
4:42 PM
HTML 5 Crash Course for Beginners - $29
3:55 PM
Jeff Carlson’s Handy Tutorial on Using the iPad as a Photography Aid
2:00 PM
Heartbleed Update: OpenVPN isn’t Safe, Either
12:50 PM
‘iPad and iPhone Kung Fu’ Book is Loaded with iOS 7 Tips and Hints
9:55 AM
Apple’s iOS 8 to Reportedly Include Shazam Music Recognition
9:28 AM
Sponsor: Merlin from Project Wizards
8:48 AM
New Cars for Anki Drive Hit the Track
Wed, 10:02 PM
ACM 250: Apple’s iPhone Pricing, Samsung’s Fudging, Amazon’s Ambition
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!