The Mac Observer

Skip navigational links

Choose text size: Select small text. Select medium text. Select large text.

Featured Article:

TMO Reports - Apple Stock Hits New 4-Year High; Closes at $50.30

by , 4:20 PM EDT, October 27th, 2004

Shares in Apple Computer (AAPL) closed Wednesday at a new 52-week high of US$50.30, the first time the stock has been above $50 in more than four years.

Shares in Apple closed up $2.33, or 4.86%, on volume of 20.98 million shares. The company's previous 52-week high at market close was set on October 19 at $48.35. Apple's current market value stands at $19.69 billion.

The new close is Apple's highest since September 2002.

The new high comes the day after the company unveiled the iPod Photo, which can store and display digital picture in addition to playing music, and a special edition U2 iPod.

Also on Wednesday, Merrill Lynch analyst Steven Milunovich raised his estimates on Apple for the fiscal first quarter ending December to earnings of 42 cents per share on revenue of $2.95 billion, up from earnings of 40 cents per share on revenue of $2.85 billion.

Observer Comments

Show: Subjects Only | Full Comments
Close Name:Guest
Wed Oct 27, 2004 10:53 pm Subject: but...

APPLE IS DYING!!!

:p


Reply | Quote
Close Name:DawnTreader -   TMO Staff Posts: 15039 Joined: 04 Jan 2002
Thu Oct 28, 2004 12:06 am Subject:

It is indeed the first time Apple has been above $50 per share since the fall of 2000. Still, on a price to sales basis, AAPL sells at about a 20% discount to Dell. This means there's move for upward movement in the price. If Apple can execute well with all lines and push iPod shipments close to 3 million units this quarter, $60 per share is quite possible.

We follow Apple's finances in the Apple Finance Board forum.


 Reply | Quote
Comment on this Article


Guest Posts Visible. Hide Them.
Back to top  Page 1 of 1    

You cannot edit your comments.   You cannot delete your comments.
Log in | Register | Having Problems? Reset TMO Cookies & Try Again
Username:   Password:   Log me on automatically each visit   

You are not logged in, and this post will appear as "Guest." Log in with your username and password from the TMO forums. If you do not have a username, you can register here.
Please note that guests are limited to including a maximum of two URLs per post.

Post A Comment
  Subject


  Your Comments



Please enter the word exactly as you see it in the image above. Registered users aren't prompted for this. Having trouble reading the image get a new one.

Recent Headlines - Updated January 7th

Wed, 6:20 PM
Macworld Expo 2009 - Ecamm Introduces World’s First Bluetooth Webcam
6:16 PM
News - Verbatim Announces Speaker Keyboard, Store ‘n’ Go Micro USB Drive
6:09 PM
Photo Gallery - Photo Gallery: Macworld 2009 Day 2
3:24 PM
Just a Thought - First Time Macworld Impression
12:16 PM
News - EMC Issues Beta of Retrospect 8.0 Backup Software
12:04 PM
News - REAL Server 2009 to Ship Next Month
11:40 AM
News - Livescribe to Bring Pulse Smartpen Software to Mac
10:58 AM
Hot Forum Topic - Reader Reactions: Apple’s Macworld Expo Keynote
10:39 AM
News - Verbatim, Lexar Introduce New Flash Storage Options
10:20 AM
Editorial - Don’t shoot the messenger: Content, Not Delivery Marred Apple’s Last Keynote
9:51 AM
News - LaCie Releases 2big Quadra External Hard Drive Line
9:29 AM
News - Microsoft’s Mac Business Unit Reveals Upcoming Office Improvements

The Mac Observer Reader Specials