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Apple stock hits a new intra-day all time high and Gene Munster weighs in

Apple stock (AAPL) has hit a new all time intra-day high by a mile, rising 7.25 percent as of about 11 AM. At last look, it's sitting at $329.81 and is happily ringing in the new year on the first day of 2011 trading.

It may be totally coincidental, but our old friend Gene Munster, analyst for Piper Jaffray, has announced a few predictions for 2011. The first non-surprise is that he (and just about everyone else) believes that the iPhone will come to Verizon, but he thinks it won't be until the March quarter with a 95 percent probability. I think he's betting low on that one. He gives a 90 percent probability to iTunes offering a cloud-based service and an 80 percent probability that cell phone providers will begin subsidizing 3G iPads (since this is presently happening in other countries, so why not here?).

Gene also has some predictions that he considers rock-solid, including new laptops coming soon, a refresh of the Mac Pro in the first half of the year and new iMacs in the second half of 2011. The iPhone 5 will rear its head this summer (I'd bet the house on that one), and the iPad 2, if that's what it winds up being called, will flower in the spring. Another no-brainer will be that new iPods will be out in the fall, but then again, new iPods are always out in the fall.

[via The Mac Observer]

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Apple stock (AAPL) has hit a new all time intra-day high by a mile, rising 7.25 percent as of about 11 AM. At last look, it's sitting at...
 

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anazcp

I just found that Android and IPad became big tech sensations of the year 2010 here http://bit.ly/fBkFIA

January 04 2011 at 3:15 AM Report abuse rate up rate down Reply
Smitty

That's the stupidest collection of predictions ever. May as well say "Apple will refresh their entire product line sometime during 2011."

D'ya think? Since they have done that like clockwork for the past decade? Wow, that's insightful!

January 03 2011 at 12:38 PM Report abuse rate up rate down Reply
Dan

Munster and Puppet Jaffray are a fraud. They sell Apple stock , it's in their best interest to make good crazy predictions about Apple. He has no credability what so ever. All tech stocks are up today not just Apple, even HP is up for christ sake.

January 03 2011 at 12:18 PM Report abuse rate up rate down Reply
1 reply to Dan's comment
Rego

Which predictions are the crazy ones?

January 03 2011 at 4:28 PM Report abuse rate up rate down Reply
Gwydion

2.25% and $7.25 rise

And in respect to Munster, I want a job like the job he has.

January 03 2011 at 11:55 AM Report abuse rate up rate down Reply
c1674424

An interactive brokers user.

January 03 2011 at 11:51 AM Report abuse rate up rate down Reply
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