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 Recovers From iPhone Scare

Apple Stock Recovers From iPhone Scare

by , 5:45 PM EDT, May 17th, 2007

Following the two-day rollercoaster ride called iPhone, Apple stock recovered to close on Thursday at US$109.44. The company's stock dropped several points on Wednesday after a bogus email that appeared to have come from Apple stated that the iPhone and Mac OS X 10.5 would be delayed.

The Mac and iPod maker's stock started to climb again on Wednesday after Apple confirmed that the email was fake, and it continued to rebound on Thursday. Thursday afternoon the stock began to climb even quicker after word surfaced that Apple had finally received FCC approval for the iPhone, allowing product development to stay on schedule for a late June release.

Apple stock opened at $107.34, and rose as high as $109.87 before settling at $109.44 for the day. Apple is currently trading after hours at $109.46, up 0.02 (0.02%).


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 16th

Tue, 6:28 PM
The Mimimalist Aluminum RADIUS iPhone 5/5s Case
5:25 PM
LaCie Warns Customers of Year-Long Credit Card Breach
4:54 PM
Time Machine Bug In Mavericks with Secondary Monitor - How to Fix It
3:20 PM
Rapoo E2700 Keyboard Includes Touchpad
2:30 PM
Microsoft Word for iPad Gets Touch Word Processing (Mostly) Right
2:20 PM
Amazon Smartphone Rumors Now Include Photos
11:54 AM
Pioneer Gets in on Aftermarket Apple CarPlay
10:13 AM
Report Says LG Making 9M Flexible iWatch Displays
9:07 AM
Antitrust Monitor Pleased with Apple’s Cooperation
Mon, 11:11 PM
Entry-Level Bitcoin Mining Gear for Mac, Windows, and Linux [Update]
6:24 PM
David Fincher Out of ‘Steve Jobs’ Movie Due to ‘Ridiculous’ Fees
6:07 PM
Analyst: Apple wants $100 iPhone Price Increase
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!