iPod Sales Help Apple Stock
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The sale of iPods is having a ripple effect on the sales of Apple&#39;s Macintosh computers leading to a rise in the company&#39;s stock price.
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Apple Inc  shares rose more  than 5 percent on Wednesday on growing expectations that the  company will announce a revamped line of iPods next week.
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Apple's trendy iPod digital music player, which has revitalized the company, is giving laptop sales a boost during back-to-school season.
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Apple on Monday reported a $904 million profit or $1.01 per diluted share on revenue of $6.22 billion for its fiscal fourth quarter. The quarter was strengthened by record Mac sales as well as high iPod and iPhone sales.
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Stocks rose on Wednesday as Apple Inc.  gained on positive brokerage comments about new iPod players, leading a rebound in technology shares.
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Apple shares rose 4.9 percent on Monday after analysts said they expected the company to introduce a smaller, cheaper iPod in January.
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Banner year helps propel Apple's stock, which briefly stock traded north of $200 on Wednesday.
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Apple said its revenue rose by 35 percent to $9.6 billion in its year-ending business quarter, driven by record Macintosh, iPod and iPhone sales as well as strong demand for the company's latest software release. Net profit rose to $1.58 billion, or $1.76 per share, versus $1 billion in the fourth quarter of 2006.
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Research and Markets (http://www.researchandmarkets.com/reports/c51182)  has announced the addition of Apple Inc. Q2 06 Quarterly Review to their  offering.  Apple Posted the first ever unit sales decline in the history of its  popular digital music player; the iPod.
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Surge comes ahead of HP&#39;s version of iPod and the new iMac; Apple shares up 62% for the year. SAN FRANCISCO  - Shares of Apple Computer Inc.
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Apple Computer shares jumped to fresh four-year highs in the US overnight, as the popularity of its iPod digital music player spurred a Wall Street analyst to nearly double his price target on the stock.
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Apple Inc  shares rose more  than 4.5 percent on Wednesday, fueled by excitement over the  pending launch of new iPod digital music players, which could  entice current users to buy upgraded models.
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Shares of Apple Computer Inc. rose more than 10% in early trading today, boosted by its report that quarterly profit and revenue jumped on robust sales of its iPod digital music players, and optimism for the current quarter.
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Clearly Apple hopes the halo of its iPod can be used to tempt consumers to invest in its computers, after sales of the iPod earlier this year overtook those of its supposedly staple desktops and laptops.
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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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First, let me gloat.  I bought $49,761 of AAPL on Oct 8.  My investment is now worth $54,933. That's 10.5 percent growth in less than a month. Hah! I bought the stock because I was going to buy everything Apple sold from now until forever. The last product I had yet to purchase was the company's stock. That was a mistake. The beauty of owning the stock is that you can use the increase in value to fund the hardware habit. So far so good.  My very dear friend Sylvia Paull bought an iPod a month ago. In a blog post today she calls it a gateway drug. Having read early reviews of the new operating system, she's ready to buy a 24 inch iMac.  I recognize the signs.  It's like a virus I tell you.
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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