The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Apple Stock Jumps 5.6% to Record High

Apple Stock Jumps 5.6% to Record High

by , 4:30 PM EDT, September 6th, 2005

Apple Computer's stock jumped 5.58% Tuesday in heavy trading in anticipation of the company's September 7th media event to be held tomorrow. Trading saw the stock close at US$48.80, a record high, with the stock spiking at $48.88 during the day's activity. Investors are anticipating that Apple will announce either a new iPod, the long-awaited iTunes phone from Motorola, or some other product that will further the company's lead in the digital media device market.

Today's rise, however, comes even after analysts like Keith Bachman of Banc of America said on Friday that the value of any such new product was already built into the stock. Mr. Bachman expects Apple's announcement to center around the iTunes cell phone.

Be that as it may, AAPL still saw some 29 million shares trading hands. The stock closed at 48.80, a gain of 2.58 (+5.58%).

*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.

Recent TMO Headlines - Updated May 30th

Mon, 8:00 AM
Enjoy Your Memorial Day
Sun, 11:36 AM
Secure Document Syncing, Splitting Audio & More – Mac Geek Gab 659
Sun, 5:30 AM
Get Free Bitcoins from 23 Faucets That Pay
Fri, 6:39 PM
Apple Could Own Device-Centric AI with Custom Chip
Fri, 5:03 PM
Here’s What Kik Users Need to Know About Kin Cryptocurrency
Fri, 4:48 PM
Sid Meier's Railroads for Mac Hits Steam Platform
Fri, 4:19 PM
The Touchbar MacBook Pro is a Disposable Embarrassment
Fri, 3:50 PM
The 5 Best PC Motherboards for Creating a Hackintosh
Fri, 3:42 PM
Leaked Memo Pegs iPhone 8 Launch After September 17
Fri, 2:15 PM
Apple Music Is Turning Apple into a Media Giant
Fri, 1:37 PM
Apple Watch Tops Heart Rate Monitor Study, Adam Curry's Podcaster Pro - TMO Daily Observations 2017-05-26
Fri, 11:21 AM
Adam Curry's Podcaster Pro Aims to be All-in-One Podcasting Solution
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!