AAPL Regains Lost Ground, Rises 2.58%
AAPL Regains Lost Ground, Rises 2.58%
by , 1:55 PM EDT, June 10th, 2008
Shares in Apple Inc. rose 2.68% in early afternoon trading Tuesday, regaining lost ground following the company's announcement on Monday of newer, cheaper, faster iPhone 3G.
While the markets sent shares of Apple lower following the initial news of Apple's plans for the iPhone 3G, analysis Tuesday focused largely on the company's reach to 70 countries around the world, and a pricing plan designed to move the iPhone in large quantities.
Apple announced pricing for the iPhone 3G starting at US$199, some $200 less expensive than the current generation of iPhones. Apple is also openly allowing carriers to subsidize the iPhone, meaning that some customers will be able to get their iPhones for little to no up-front cost.
As of this writing, AAPL was trading at 186.30, a gain of 4.69 (+2.58%), on volume of 29.5 million shares trading hands.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.
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
Wed Jun 11, 2008 4:27 pm Subject: And lost more the next day
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated November 10th
- Mon, 7:20 PM
- Rumor - Apple May Update iPod touch in December
- 6:45 PM
- Product News - MacUpdate Desktop Updated to 5.0.1 with New Features, Bug Fixes
- 5:16 PM
- Apple Releases Mac OS X 10.6.2 - Guest Account Bug Fixed, Much More
- 4:12 PM
- Games - New For iPhone: Star Rangers, Air Force Supremacy, Blood Beach, More
- 2:51 PM
- Apple Stock Watch - Radio Shack Jumps 14% on iPhone Deal, Apple Up 3%
- 2:25 PM
- Games - EA Scoops Up Social Games Publisher Playfish
- 1:51 PM
- Deal Brothers - Western Digital 1TB SATA Intellipower Hard Drive: $84.99
- 10:58 AM
- News - StarHub Signs Singapore iPhone Deal
- 10:36 AM
- Hot Forum Topic - Reader Speculation: What’s in Apple’s Tablet?
- 10:08 AM
- News - Apple Kicks Off New Credit Program
- 9:26 AM
- News - Apple Launches Reserve and Pick Up Program
- 8:49 AM
- News - ikee Worm Rickrolls Jailbroken iPhones
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 8-core 8GB Kit $199.99, 4GB Kits $109.99! Sale on MacBook and MacBook Pro 8GB kits $549.99! New MacBook DDR3 2GB for $49.99. iMac and Mac mini 4GB Kits for $79.99! 1TB SATA Hard Drives for $109.99! Click here
OWC: Get the Right Memory / Ram for your Mac. Top Quality, Competitive Prices, Lifetime Warranty. Expert Support and Video Installation Guidies too! 4.0GB Matched Sets from $87.99, Options up to 32GB. Click here
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.
