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Apple Stock Jumps on Announcements
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
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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.
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