Filed under: Hardware, Rumors, Apple Financial
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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Reader Comments (Page 1 of 1)
Maha10k said 3:08PM on 11-21-2006
Your comments: 88.21, keep going AAPL! Baby needs a new pair of shoes.
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Gandhi said 3:15PM on 11-21-2006
Cue comment about Michael Dell stating Apple should close shop and return the money to investors.
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MC said 4:36PM on 11-21-2006
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...
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Michael Skelton said 5:47PM on 11-21-2006
You think it's crazy now.. Just imagine if they do release the iPhone in the first quarter of next year...
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imacdaddy said 10:18AM on 11-22-2006
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
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Daniel Murphy said 12:00PM on 11-22-2006
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!
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