Apple Stock Hits New 52-Week High || The Mac Observer

Skip navigational links

Choose text size:

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 52-Week High

Apple Stock Hits New 52-Week High

by , 12:45 PM EST, November 21st, 2006

Apple's stock reached as high as US$87.97 during Tuesday's trading, before settling at $87.84 as of 12:23 PM EST. $87.97 is a new 52-week high for the shares. At that time, it was up $1.37, or 1.58%, for the day, following a strong recent upward trend since it closed at $78.29 on Nov. 3.

MarketWatch's Rex Crum attributed Tuesday's surge to the report issued by American Technology Research analyst Shaw Wu on Monday. In it, Mr. Wu said that Apple has a second iTunes cell phone with messaging capabilities in development. In addition, he noted strong sales of the new red iPod nano, which could make his estimate of 14 million units sold this quarter a conservative one. Last year, Apple exceeded all analysts' expectations by selling over 14 million iPods during the final quarter.

Observer Comments

Show: Subjects Only | Full Comments

Close Name:Rainy Day Posts: 607 Joined: 07 Jun 2005
Tue Nov 21, 2006 2:59 pm Subject: All time high?

I think itâ€™s more than a 52-week high; isnâ€™t it an all time high?

If history is any predictor, Apple should sell about 20 million iPods this quarter. The trend has been for FY-Q4 to equal the sum of FY-Q1 thru Q3.

Reply | Quote

Comment on this Article

Guest Posts Visible. Hide Them.
Back to top Page 1 of 1

You cannot edit your comments. You cannot delete your comments.

Comments are currently closed. Please email the author instead.

Recent Headlines - Updated November 22nd

Fri, 7:07 PM: Games - Soccer Sim Championship Manager 2010 Released for Mac
6:47 PM: Games - EA Publishes Original Monopoly for iPhone
6:15 PM: News - Original Apple I on Ebay for $50K, w/Letter from Steve Jobs
6:11 PM: Games - New iPhone Games: Secret of the Lost Cavern Ep 1, New DJ Nights, More
5:47 PM: Games - Star Trek D-A-C Game Headed to the Mac Next Month
4:57 PM: Product News - TidBITS Releases “Take Control of Syncing Data in Snow Leopard”
4:26 PM: John Martellaro's Blog - Particle Debris (week ending 11/20) Stationery Pads Go Poof
2:59 PM: Free on iTunes - Musée du Louvre, Art Lite, SketchBook Mobile X and More.
1:50 PM: Deal Brothers - Acer P215H bmid 21.5” Widescreen LCD Monitor: $139.99
11:24 AM: TMO Appearances - Jeff Gamet Shares More Holiday Gift Ideas on MacJury
10:43 AM: Product News - Cocktail 4.5 for Leopard Adds QuickLook Cache Clearing
10:06 AM: News - Hack Enables Mac OS X 10.6.2 on Netbooks

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
OWC: Plug & Play Hardware RAID up to 8.0TB. High Performance, Data Redundant Solutions. FireWire 800, FireWire 400, USB2, or eSATA. Hot Swappable Bays, Data Rates over 200MB/s. 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.

© The Mac Observer, Inc. -- All rights reserved. All information presented on this site is copyrighted by The Mac Observer, Inc. except where otherwise noted. No portion of this site may be copied without express written consent. Other sites are invited to link to any aspect of this site provided that all content is presented in its original form and is not placed within another frame. The Mac Observer is an independent publication and has not been authorized, sponsored, or otherwise approved by Apple, Inc.