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:
AAPL Slowly Climbing from Abyss

AAPL Slowly Climbing from Abyss

by , 4:20 PM EDT, March 26th, 2008

AAPL has climbed back into the US$140+ range after a series of devastating reports on the U.S. economy led to a massive selloff in January and February. AAPL had recently declined to a level, $120, that hadn't been seen since before the iPhone fever of 2007.

Now, investors are coming back to Apple. The stock hit a high of $145.74 on Wednesday and is holding in the $140 range after lingering in February and March in the $120 mark. In late February, AAPL actually dipped below $120 per share.

Some recent good news in the housing market, Federal Reserve rate cuts, federal backing of lenders and lessening demand for gasoline resulting in a slightly reduced price of crude have all contributed to easing concerns somewhat in the market. As a result, some measure of confidence seems to be emerging as the Apple bulls find a little more confidence in the economy and subsequently the consumer's interest in all things Apple.


Source: eTrade AAPL (with moving average)

In afternoon trading, AAPL is at US$144.32, up $3.34 for the day.


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.


In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.

Recent TMO Headlines - Updated September 30th

Thu, 5:41 PM
Display Panel Orders Show iPhone Sales Higher Than Last Year
Thu, 3:46 PM
Adobe Launches Photoshop Elements 2023 and Premiere Elements 2023: Apple Silicon Upgrades, New AI Features and More
Thu, 2:58 PM
Ad-Free Instagram Experience 'OG App' Removed from Apple App Store
Thu, 2:17 PM
Apple Announces 4Q22 Earnings Call on October 27
Thu, 2:10 PM
iOS 16.1 Beta 3 Allows Users to Preload In-App Content After Install
Thu, 1:43 PM
Analysts Say, "What did Bloomberg Say?"
Thu, 1:07 PM
Hiker Tests the Apple Watch Ultra On A Three-Day Hiking and Backpacking Adventure in Scottish Highlands
Thu, 12:49 PM
Cloudflare Releases API That Will Bring iOS 16 Feature Bypassing CAPTCHAs to More Websites
Thu, 11:56 AM
Kuo: iPhone 15 May See Further Segmentation Between Pro and Pro Max
Thu, 3:00 AM
An Intervention Call and a Secret Science Project - TMO Daily Observations 2022-09-29
Wed, 4:24 PM
Apple TV+ Announces New Untitled Documentary Featuring 'Korea's Mermaids'
Wed, 3:45 PM
Apple Looking to Ready Apple Music Classical for Debut Sometime This Year
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Daily Observations
  • TMO on Twitter!