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 Climbing, Breaks $110

Apple Stock Climbing, Breaks $110

by , 11:10 AM EDT, May 18th, 2007

Apple stock is still on the rise after recovering from a false report that the company was delaying the release of the iPhone and Mac OS X 10.5, and topped US$110 late Friday morning. The company's stock dipped about 2.2 percent on Wednesday after the news came out, and started to recover later in the day once Apple confirmed that the original report was fake and both product were still on schedule.

Apple closed Thursday at $109.44, and continued to rise in after-hours trading.

After Apple received FCC approval for the iPhone, a combination iPod and smart phone, on Thursday, its stock recovered from Wednesday's losses and continued its upward momentum. The iPhone is scheduled to be officially launched some time in late June.

Mac OS X 10.5, or Leopard, was originally scheduled to ship in Spring 2007, possibly at Apple's World Wide Developer Conference in June. Apple later announced that it was delaying the release of the new version of its operating system until October in order to complete iPhone development on time.

Apple stock is currently trading at $110.06, up 0.62 (0.57%).


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 July 27th

Mon,12:40 PM
Three Ways to Protect your Apple Watch (and One Way Not To)
Mon,10:42 PM
Google Brings Higher Resolution Satellite Imagery to Google Earth and Maps
9:10 PM
Google Bloks Will Offer Kids Hands-On, Collaborative Programming Concepts
8:44 PM
PRE-SALE: The Complete iOS 10 Developer Course at $29
5:15 PM
Game Foul: Ford Dealership Steals Firewatch Art
5:04 PM
TMO Background Mode: Interview With Symply Co-founder and President Alex Grossman
3:20 PM
iPhone 7 Sans Headphone Jack: The Debate Continues
1:58 PM
TMO Daily Observations 2016-06-27: AAPL, Brexit, Google Blocks
11:58 AM
Google Ready to Try Apple’s Tactics with New Smartphone
9:33 AM
Apple gets its Rainbow on for SF Pride Parade
Sun,12:18 PM
MGG 611: Troubleshoot & Resolve Your Mac & Apple Issues
Fri,7:00 PM
Apple Kills the Thunderbolt Display - Will the Mac Pro Be Next?
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!