Filed under: Apple Corporate, Apple Financial
TUAW Moneywatch: Apple Shares hit high
Macworld UK reports that Apple shares reached a new 52-week high. Between holiday iPod sales predictions and iPhone rumors, Apple stocks are performing strongly. Some analysts expect Apple to sell up to 15 million iPods during the Christmas sales season. That's (quickly doing math) a lot of iPods to shift out the door. Share prices were up $1.56 yesterday to $85.61. Apple's market capital stands at over $73 billion.Eagle-eye reader Steve points out that both Yahoo and Google say the APPL high is actually 86.40.
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Reader Comments (Page 1 of 1)
dave said 3:37PM on 11-17-2006
assuming 28 days between thanksgiving and right before xmas, that's: 535+ thousand ipods a day, or, 22+ thousand per hour, or 372 ipods per minute, amounting to roughly about 6 ipods per second...wow, that's a brisk selling rate...almost as fast as paris hilton's big album moved off the shelves...
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dave said 3:39PM on 11-17-2006
btw, wanted to add to that: i was just in the apple store in burlington mass and the employees were being trained on a new symbol mobile payment device to process mass volumes of transactions 'on the floor' so that people wouldn't have to queue at the register (as of last week) - is this already a practice at their other stores?
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Bob Newill said 4:01PM on 11-17-2006
yeah, the symbol setup has been used here in cleveland for upwards of 6 months or more i'd guess. i bought some headphones that way a few weeks ago. they swipe your card right on the spot and email you the receipt. all very fast and very cool.
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Steve Hoffman said 4:25PM on 11-17-2006
How is this the AAPL high? The 52 week high is 86.40 according to both yahoo and google finance:
http://finance.yahoo.com/q?s=AAPL
http://www.google.com/finance?q=AAPL
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Leonard Nimrod said 4:39PM on 11-17-2006
The story isn't wrong, it just isn't worded correctly. Apple stock CLOSED at a record 52-week high. Intra-day trading values really means bupkiss in this day an age.
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jbelkin said 7:43PM on 11-17-2006
Also note, Apple is about 55% of the revenue of MS and about $20-$22 BILLION over the market cap of a certain Austin TX PC company that somehow manages to spend $500 million on R&D when the only original component they add to the PC racing out the robotic factory is a plastic sticker that rhythms with ... hell ... (that is if you can find that sticker out of the other 11 they place on there).
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