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:
AAPL Still On the Rise

AAPL Still On the Rise

by , 8:20 AM EDT, May 14th, 2007

Apple stock has been climbing steadily for some time now, and lately seems to hit a new high on an almost daily basis. Sticking to that trend, the Mac and iPod maker's stock broke through US$109 on Monday morning after closing at $108.74 last Friday.

The company's strong performance over the past few quarters has analysts seeing continued growth for the foreseeable future. "We believe shares can continue to surge into calendar year end on the back of new products," said UBS analyst Ben Reitzes. "The thesis that Mac sales can surge is alive and well."

Apple also has a strong line up of new product releases on the way that include iPhone, a combination iPod and smart phone; Mac OS X 10.5 (Leopard), the successor to Apple's current Mac operating system; and new iPod models, all of which will help spur Mac sales.

Piper Jaffray analyst Gene Munster commented "With Apple heading into three quarters of significant product releases (iPhone, Leopard, new iPod) and the education buying season, we expect year-over-year market share gains to continue."

Apple's market cap is currently sitting at $94.03 billion. In comparison, the PC maker Dell has a market cap of $57.56 billion, some $36.47 billion below Apple.

Apple stock is currently trading in the pre-market at $109.32, up 0.58 (0.53%).


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 September 26th

Mon, 10:40 AM
How to Stream the Clinton/Trump Presidential Debate on Your iPhone, iPad, and Apple TV
Sun, 12:06 PM
MGG 624: Sierra, APFS, Wi-Fi and Personal Servers
Sat, 9:04 PM
Can't Remotely Control Your HomeKit Devices? Enable iCloud Two-Factor Authentication
Fri, 9:43 PM
ScanSnap on Sierra Update: Fujitsu Warns of Data Loss In 'Specific Circumstances'
Fri, 9:21 PM
iOS 10: How to Disable (Some) Haptic Feedback on iPhone 7
Fri, 7:36 PM
Use the Digital Crown to Control Your Apple Watch Series 2 Screen Brightness
Fri, 7:03 PM
Install Secure XFINITY WiFi Profile On Your New iPhone
Fri, 6:29 PM
iOS 10: How to Optimize Downloaded Music Storage
Fri, 6:01 PM
iOS 10.0.2 Fixes Headphone Audio Controls, More
Fri, 5:33 PM
iOS 10: Apps are Gaining 3D Touch Widgets and They're Freakin Sweet
Fri, 5:33 PM
Use a Password Manager to Store Your Driver's License and Passport
Fri, 3:48 PM
This May be The 4K UHD Apple TV We've Been Waiting For
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!