Apple on a Roll in Q4
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Apple Computer saw its shares jump 13 percent after it delivered a strong quarterly earnings report. Sales were propelled by burgeoning demand for the iPod digital-music player.
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Apple said that its fiscal first-quarter earnings jumped about 57 percent, aided by iPod and iPhone sales, but shares plunged on an outlook that was well below expectations.
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Shares of Apple hit the $200 mark for the first time, as investor confidence in the company continued rising near the end of what has been a strong year for the iPod and computer maker.
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Apple Inc  beat Wall Street targets with a 67 percent rise in quarterly profit on Monday, led by strong sales of its Macintosh computers and a big first full quarter from the iPhone, sending its shares up nearly 6 percent.
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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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After announcing record-breaking revenues and profits in its most recently concluded quarter, Apple saw its stock slide precipitously in trading today. Investors were spooked by smaller than expected forecasts, although analysts say the company's fundamentals are still sound.
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Apple Computer Inc. AAPL.O on  Wednesday posted a quarterly profit that blew past even the  highest Wall Street forecasts on skyrocketing sales of its iPod  digital music players and the highest number of Macintosh  computers sold in more than four years.
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Apple's sales exceeded the industry average in the fourth quarter 2007 as the company gained almost 6 percent of the U.S. computer market.
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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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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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SAN FRANCISCO  - Shares of Apple Computer Inc.  rose to an almost four-year high on Thursday ahead of the launch of Hewlett-Packard Co.'s  version of the iPod digital music player and Apple's revamped iMac computer.
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Apple stock is on the rise once again, as analysts raise their target prices and provide support of an iPod &#39;halo&#39; effect.
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Apple rises with a forecast of higher earnings.
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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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SAN JOSE, Calif. - Apple Computer Inc.'s fourth quarter earnings soared on strong sales of laptop computers and its popular iPod music players, helping the company notch its highest revenue for the quarter in nine years...
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The Nasdaq composite index jumped on Monday, outstripping gains on the Dow and S&P 500, as investors piled into technology shares ahead of Apple Inc's  quarterly earnings report.
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Apple reported revenue for the quarter of $2.35 billion, up 37% from the $1.72 billion recorded during last year's fourth quarter.