Apple Stock Jumps to 4-Year High on IPod
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Apple Computer Inc. stock jumped to a four-year high Monday after a major Wall Street firm nearly doubled its price target on the stock, saying that customer satisfaction with its iPod music player is creating "wildfire word-of-mouth marketing" for its Mac computers and other products.
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SAN FRANCISCO (CBS.MW) -- With Apple Computer&#39;s stock trading at more than twice where it was a year ago, Piper Jaffray raised the bar for the shares even higher due to an anticipated benefit from increased iPod sales.
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Apple Computer Inc. stock jumped to a four-year high yesterday after a major Wall Street firm nearly doubled its price target on the stock, saying that customer satisfaction with its iPod music player is creating &quot;wildfire word-of-mouth marketing&quot; for its Mac computers and other products.
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Shares of Apple Computer Inc. rose more than 10 percent in early trade on Thursday, boosted by its report that quarterly profit and revenue jumped on robust sales of its iPod digital music players, and optimism for results in the current quarter.
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Apple announced on Wednesday that its quarterly profit more than doubled because of continued strong sales of iPod music players, beating Wall Street estimates by a wide margin
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Wall Street apparently has rewarded Apple (Nasdaq: AAPL), both for its fiscal 2004 fourth-quarter numbers and for its latest iPod and iTunes offerings: Apple's share price as of midday Thursday is just over US&#36;50, its highest price in four years, and almost &#36;12 higher than its average share price the previous month.
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Shares of Apple Computer Inc.AAPL.O  rose as much as 13 percent on Thursday, boosted by its report  that quarterly profit and revenue jumped on robust sales of its  iPod digital music players, and optimism for results in the  current quarter.
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Apple Computer reports a 50% jump in fourth quarter profit, driven by strong demand for its iPod music player.
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Apple&#39;s stock soared to a record high Tuesday amid analyst reports that sales of highly profitable iPhones easily rocketed past 300,000 after its US launch.
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Apple Computer Inc. AAPL.O, whose  shares have almost quadrupled in value over the last year on  the success of its Ipod music player, on Friday said it has set  a 2-for-1 split of its common stock.
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Apple reported strong earnings for its fourth quarter on Monday, boosted by record Macintosh computer sales and the shipment of 1.12 million iPhones.
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Apple Computer&#39;s stock price hit its highest level in four years, passing the $50 mark. The company recently announced that it shipped more than two million of its wildly popular iPod music
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U.S. stocks rose on Wednesday, bouncing back from Tuesday's slide, as investors scoured the market for beaten-down shares, while Apple Inc.  led technology shares higher on buzz surrounding the expected launch of new iPod products.
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U.S. stocks rose on Wednesday, rebounding from Tuesday's sharp drop as investors snapped up beaten-down stocks, while Apple Inc.  led technology shares higher on buzz surrounding the expected launch of new iPod products.
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A small bite of Apple has become a mouthful--the iPod has helped the stock double since January.
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Shares of Apple Computer Inc.  AAPL.O rose to an almost four-year high on Thursday ahead of  the launch of Hewlett-Packard Co.'s HPQ.N version of the iPod  digital music player and Apple's revamped iMac computer.
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Shares of Apple Inc. rose more than 3  percent on Thursday as investors bet on strong demand for its  media-playing iPhone, almost a week after its U.S. launch, and  speculation mounted over plans to sell the device in Europe.