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Apple Stock Rides the iPhone Wave

Apple Stock Rides the iPhone Wave

by , 8:35 AM EDT, July 5th, 2007

Since Apple released the iPhone on June 29, both customers and investors have been pleased with the device's performance, and that is showing in the company's stock. Apple's stock began a steady climb after the launch, closed Tuesday at US$127.17, and managed to top $128 in pre-market trading on Thursday.

iPhone demand doesn't seem to be diminishing after nearly a week of availability. While supplies seemed to hold up fairly well during the first few days -- initially only AT&T stores were selling out -- many Apple retail locations are now sold out.

Apple's combination iPod and smartphone has also been receiving positive reviews from the likes of Walt Mossberg from the Wall Street Journal, David Pogue from the New York Times, and iPodObserver.com's reviews editor Bob "Dr. Mac" Levitus.

Apple is currently trading in the pre-market at $128.42, up 1.25 (0.98%).

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.

  

Observer Comments

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Close Name:Guest
Thu Jul 05, 2007 10:09 am Subject: Try 131

It peaked over 131 already this morning. 180 shares is sure nice to be holding now!


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Close Name:Guest
Thu Jul 05, 2007 7:36 pm Subject: 132.75

It's even better when you have 195!


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