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 Hits $135

Apple Stock Hits $135

by , 11:00 AM EDT, July 13th, 2007

52 weeks ago Apple's stock was selling for US$50.16. It has been on an upward trend since then, and on Friday morning broke $135 a share. The company's increasing value has been credited to its innovative products including Mac OS X, the MacBook and MacBook Pro, the iPod, and now the iPhone.

With the iPhone in customer's hands, analysts are now looking to see what Apple has up its sleeve next. Many analysts, including Piper Jaffray's Gene Munster are expecting to see new iMac models before fall.

"Based on Apple's product road map and the fact that the iMac has not been updated in 309 days (versus a product average of 168 days) we also continue to expect redesigned iMacs this summer," he said.

New iPods may also be in the works that run OS X, much like the iPhone does, and the October release of Mac OS X 10.5 is also expected to help keep Apple's stock moving forward.

Apple's market cap is currently at $116.77 billion, up from $45 billion this time last year. The company has already passed Dell and Oracle's market caps, and financial analyst Georges Yared is predicting that it will blow past IBM and Intel, at $145 and $161 respectively, within the next 18 months.

The Mac and iPod maker's innovative product designs have helped to strip away the "beleaguered" title it was shackled with a few years ago and turn it into a Wall Street favorite. If Apple can keep up the momentum of its exciting products, it will likely be able to keep analysts happy for some time to come.

Apple is currently trading at $135, up 0.93 (0.69%).


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 March 26th

Tue, 11:58 AM
iOS 12.2 Fixes 51 Security Vulnerabilities
Tue, 11:45 AM
NetSpot Home for Mac Lifetime License: $19
Tue, 9:41 AM
Apple Services Are All About Privacy
Tue, 8:36 AM
Goldman Sachs CEO Says Apple Card Will go Beyond U.S.
Tue, 8:34 AM
iOS 12.2 Reveals Wireless Powerbeats Pro
Tue, 8:15 AM
Apple Gets Starstruck at TV Plus Launch
Mon, 6:55 PM
New iMacs, Traveling, Porting, and Troubleshooting – Mac Geek Gab 754
Mon, 6:41 PM
Apple TV+ Announced in Star-Studded, Lengthy Media Event
Mon, 6:02 PM
Apple Announces Apple Pay Transit Coming to US
Mon, 5:33 PM
Apple's "It's Show Time" Media Event – TMO Daily Observations 2019-03-25
Mon, 5:19 PM
Apple's Services Event: Technology Must Have Underlying Values
Mon, 5:09 PM
Everything You Need to Know about Apple Card - Apple's New Credit Card
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!