Apple Stock Jumps on Announcements
Apple Stock Jumps on Announcements
by , 1:30 PM EST, January 9th, 2007
At 1:16 PM EST (10:16 AM PST) on Tuesday, Apple's stock was selling for US$89.77, up 5.03%, or $4.30, for the day on the strength of the announcements CEO Steve Jobs made during his Macworld keynote, which included more details about AppleTV (formerly iTV) and the introduction of the iPhone, which combines cell phone, iPod, and Internet communications in one device.
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
QuotePlaneten Paultje wrote:
Traditionally, Apple stock used to drop after the keynote. Are analysts starting to think different or just be ignored?
Ask Bosco. It's generally a good idea to consider anal-ysts' predictions simply as entertainment. It's not entirely their fault (it is MOSTLY their fault): most companies are a lot more open with their information than Apple is. There are some others, including Canon about its cameras. Those do get announced well in advance of availability (digital cameras are an even more competitive market than music players), but Canon controls leaks very well. For example, their PowerShot G7 was a real surprise (not always a GOOD suprise, unfortunately).
The situation here may be that the Apple iPhone is much more than was expected.
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated November 10th
- Tue, 11:45 AM
- Product News - Microsoft Office 2008 12.2.3 Addresses Security Flaws
- 11:18 AM
- Product News - OWC Axes Axiotron Modbook Prices by $500
- 10:39 AM
- Hot Forum Topic - Multi-drive Data Shuffle
- 9:59 AM
- News - Google Offers Up Free Wi-Fi for the Holidays
- 9:34 AM
- Product News - MiniMail 2 Adds Snow Leopard Support
- 8:58 AM
- News - AT&T: iPhone Tethering Really is Coming… Eventually
- 8:16 AM
- News - Apple Releases Security Update 2009-006 for Leopard, Snow Leopard
- Mon, 7:20 PM
- Rumor - Apple May Update iPod touch in December
- 6:45 PM
- Product News - MacUpdate Desktop Updated to 5.0.1 with New Features, Bug Fixes
- 5:16 PM
- News - Apple Releases Mac OS X 10.6.2 - Guest Account Bug Fixed, Much More [Updated]
- 4:12 PM
- Games - New For iPhone: Star Rangers, Air Force Supremacy, Blood Beach, More
- 2:51 PM
- Apple Stock Watch - Radio Shack Jumps 14% on iPhone Deal, Apple Up 3%
The Mac Observer Reader Specials
- TypeStyler For Mac OS X is Now Shipping! Download The Free Fully Functional 60 Day Tryout at www.typestyler.com
RamJet Memory: Mac Pro 8-core 8GB Kit $199.99, 4GB Kits $109.99! Sale on MacBook and MacBook Pro 8GB kits $549.99! New MacBook DDR3 2GB for $49.99. iMac and Mac mini 4GB Kits for $79.99! 1TB SATA Hard Drives for $109.99! Click here
OWC: Get the Right Memory for Your Mac Top Quality, Competitive Price, Lifetime Backed Free Expert Support + Installation Videos too! MacBook & mini 8GB, iMac 16GB, Mac Pro up to 32GB. Click here
If you're using a Mac, then you've gotta check out Full Tilt Poker for Mac. This Full Tilt Poker bonus code does the unthinkable, it actually rewards!For the latest Apple products use Ciao, a price comparison website, to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate mobile phones like the Apple iPhone.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.
