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APPL Tops $190 Again

APPL Tops $190 Again

by , 9:45 AM EST, December 7th, 2007

Apple's stock inched back up over US$190 on Thursday to close at $190.54. The company's stock dipped back down to around $189 in after hours trading, but managed to climb back up over $190 again in regular Friday trading.

The Cupertino company's stock has been on a general upswing, but started climbing faster after analysts began reporting that the Mac and iPod would lead strong holiday sales.

Bear Stearns analyst Andrew Neff commented "We continue to see Apple well positioned for the holidays given the confluence of product cycles for Mac and iPod."

Shaw Wu of American Technology Research is predicting iPod sales will come in above Wall Street estimates because of strong consumer demand. "We are raising our iPod unit forecast to 25 million from 24 million versus the consensus of about 23.2 million," he said.

Apple's market cap is reflecting analyst views, too. The Mac and iPod maker is currently sitting at $166.77 billion, above IBM's $149.27 billion market cap, and substantially above PC maker Dell's $54.85 billion.

Apple is currently trading at $190.48, up 0.53 (0.28%).


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

Show: Subjects Only | Full Comments
Close Name:algr Posts: 296 Joined: 07 Aug 2003
Subject:

Dang nabbit!

Just when we thought Apple was about to face reality, off they go into fantasy land again!

Close Name:gslusher Posts: 2088 Joined: 13 Nov 2002
Subject:

Quote
algr wrote:
Dang nabbit!

Just when we thought Apple was about to face reality, off they go into fantasy land again!


What reality does Apple need to face?

Close Name:algr Posts: 296 Joined: 07 Aug 2003
Subject:

The imminent death of the universe! Nuclear War! Rapture! Heat Death! Fat lot of good Apple stock will do you when you are a burning cinder floating in space! So by Microsoft instead.

Close Name:gopher Posts: 291 Joined: 28 Mar 2002
Subject: APPL???

AAPL is Apple's Stock Ticker symbol

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