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
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated February 9th
- Tue, 10:38 AM
- Quick Look Review - Texas Tea for the iPhone and iPod touch
- 10:25 AM
- News - Apple Rolls Out Aperture 3 Video Tutorials
- 10:00 AM
- Hot Forum Topic - Backing Up Your iPhoto Library
- 9:35 AM
- Product News - Notebook, iThoughts Add TextExpander touch Support
- 9:00 AM
- Hidden Dimensions - The Killer Surprises Waiting for Steve Ballmer
- 8:50 AM
- Product News - Aperture 3 Adds Faces Support, More [Updated]
- 8:30 AM
- TMO Quick Tip - Fixing iPhone and MobileMe Sync Headaches
- 8:12 AM
- News - Apple Store Offline, Rumors Point to New Laptops
- 8:00 AM
- TMO Appearances - TMO’s Bryan Chaffin and the Atomic Love Bombs Perform During Macworld Expo
- Mon, 5:37 PM
- News - Juniper Readies Software to Improve Cell Carrier Networks
- 5:17 PM
- Macworld Expo - Macworld Expo 2010 Hess Party List Goes Online
- 4:11 PM
- News - Survey: iPad Announcement Increased Awareness, Fails to Convert New Buyers
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
RamJet Memory: Mac Pro 8GB Kit $275.99, Mac Pro 4GB Kits $145.99! Sale on MacBook and MacBook Pro 8GB kits $459.99! MacBook, MacBook Pro, iMac Mac mini 4GB Kits for $113.99! 1TB SATA Hard Drives for $109.99! Click here- If you own a car, you need CarMD! Catch problems, estimate repairs and more. Now for Mac. $98.99 at www.CarMD.com Save $10 with code TMO1.
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.


