Apple shares reach year's best

MarketWatch is reporting that Apple's shares reached a 52-week high of $87.95 today, apparently fueled by furious rumors of - you guessed it - an iPhone. I'm sure the report that Hon Hai received a manufacturing order from Apple for just such a device isn't doing anything to stop people from losing their investing sense either. If the iPhone is really going to happen, the word on the street hasn't changed from "the first half of next year" yet, unless you consider this latest momument to craptastic journalism from AppleInsider about a second iChat-based iPhone already in the works (seriously guys: try drawing the line somewhere - for once).

As usual, you'll hear more as soon as we do.

[via MacMinute]

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Source: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BDDA…

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MarketWatch is reporting that Apple's shares reached a 52-week high of $87.95 today, apparently fueled by furious rumors of - you guessed...

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Daniel Murphy

As an AAPL share holder, having the price go up because of rumors really bugs me. This seems to happen often with apple where their stock price soars up to the date of an announcement, then drops the day after because it doesn't happen (think 50" Apple Display, widescreen-touchscreen video iPod, powerbook G5).

But besides that, I bough AAPL rocks!

November 22 2006 at 11:37 AM Report abuse Permalink rate up rate down Reply

imacdaddy

In yesterday's news from Hong Kong. Foxconn will invest US1.3b to beef up production to meet demands of mobile handsets. They presently make handsets for Motorola, Sony Ericsson and Nokias. But to invest that much can only mean one thing. To meet demands for an iPhone? ;)

http://www.thestandard.com.hk/news_detail.asp?pp_cat=5&art_id=32317&sid=10977053&con_type=1&d_str=20061121&sear_year=2006

November 22 2006 at 10:17 AM Report abuse Permalink rate up rate down Reply

Michael Skelton

You think it's crazy now.. Just imagine if they do release the iPhone in the first quarter of next year...

November 21 2006 at 5:41 PM Report abuse Permalink rate up rate down Reply

Apple's market capitalization (share price times number of outstanding shares for the non-finance geeks) now exceeds Dell's by $20B ($76B versus $56B).

Who would have thought that could happen back in 1998 when Apple was at $8 per share?

Rock on...

November 21 2006 at 4:34 PM Report abuse Permalink rate up rate down Reply

Gandhi

Cue comment about Michael Dell stating Apple should close shop and return the money to investors.

November 21 2006 at 3:14 PM Report abuse Permalink rate up rate down Reply

Maha10k

Your comments: 88.21, keep going AAPL! Baby needs a new pair of shoes.

November 21 2006 at 3:07 PM Report abuse Permalink rate up rate down Reply