Apple Stock Climbs To New High After UBS Report

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%).