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 Jumps 5.6% to Record High

Apple Stock Jumps 5.6% to Record High

by , 4:30 PM EDT, September 6th, 2005

Apple Computer's stock jumped 5.58% Tuesday in heavy trading in anticipation of the company's September 7th media event to be held tomorrow. Trading saw the stock close at US$48.80, a record high, with the stock spiking at $48.88 during the day's activity. Investors are anticipating that Apple will announce either a new iPod, the long-awaited iTunes phone from Motorola, or some other product that will further the company's lead in the digital media device market.

Today's rise, however, comes even after analysts like Keith Bachman of Banc of America said on Friday that the value of any such new product was already built into the stock. Mr. Bachman expects Apple's announcement to center around the iTunes cell phone.

Be that as it may, AAPL still saw some 29 million shares trading hands. The stock closed at 48.80, a gain of 2.58 (+5.58%).

*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.  


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.

Recent Headlines - Updated April 18th

Fri, 5:20 PM
Why Apple Didn’t Try to Copy Google Glass
4:30 PM
Menu Bars Of The Stars
4:12 PM
How to Streamline System Preferences on Your Mac
2:56 PM
Microsoft Pilot Program Allows Developers to Respond to App Reviews
1:15 PM
Tavik’s Zippered Folio Case for iPad Air is Built for Travel
1:13 PM
Apple Maps Misses Your Coffee Shop, but Finds Loch Ness Monster
12:55 PM
Online Privacy: Track Which Apps Access Your Personal Information
10:56 AM
Judge Denies Rockstar Consortium’s Bid to Move Google Patent Fight to Troll Town
9:25 AM
Dropbox gets Deeper into Photo Management with Loom Purchase
8:40 AM
iTunes Radio: Create a Station from a Song or Artist
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
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!