Apple Stock Climbs To New High After UBS Report

· by · Apple Stock Watch

Appleis Stock shot up following a report from UBS analyst Ben Reitzes, according to MarketWatch. Tuesdayis UBS report noted a positive shift mix towards the video capable iPod and iMac G5. It also raised its first quarter earnings estimate to US$0.58 on $5.2 billion in sales.

Also feeding the continued upswing in Appleis value is the expectation that 11.4 million iPods will be sold this quarter, and that Apple will announce new Macs at Macworld Expo 2006 in January, possibly even Intel-based models.

Appleis stock overall has been steadily on the rise all day, climbing above last Fridayis high of $72.47. Appleis stock is currently trading at $74.52, up 2.70 (3.76%).

Jeff Gamet

Jeff Gamet

Jeff is the Mac Observer's Managing Editor, and co-host of the Apple Context Machine podcast. He is the author of "The Designer's Guide to Mac OS X" from Peachpit Press, and writes for several design-related publications. Jeff has presented at events such as Macworld Expo, the RSA Conference, and the Mac Computer Expo. In all his spare time, he also co-hosts the We Have Communicators podcast, and makes guest appearances on several other podcasts, too. Jeff dreams in HD.

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