Apple Stock Rebounding

February 6th, 2006 at 2:00 PM - Apple Stock Watch by Jeff Gamet

Appleis stock has started to climb again, following Tuesdayis announcement of the 1GB iPod nano and the price reduction of the iPod shuffle. Analysts and investors became concerned that the Mac and iPod maker would not be able to continue its forward momentum through 2006, causing its stock to drop to US$ 67.30, its lowest point in over two months, on Monday.

Tuesday is typically a busier day for Appleis music interests, and today is no exception. It launched a give-away promotion as a part of the iTunes Music Store (iTMS) countdown to selling 1 billion songs, the 1GB iPod nano was introduced, the iPod shuffleis price was lowered, and Showtime announced that it joined the iTMS.

Apple stock is currently trading at $69.09, up 1.79 (2.66%).

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