iPhone sales add luster to Apple stock
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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 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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Appleâs stock skyrocketed 135 percent in 2007, and its sleek retail gadget emporiums are a large part of that success.
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Apple sells 525,000 iPhones since its launch on Friday, according to press reports.
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Investor's Business Daily - Although Apple might well raise the bar in the cell phone market with its iPhone, rival handset makers also are stepping up.
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Surge in sales of iPods, Macs buoy revenue a day after the company announces lower-price versions of both products.
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Opening weekend sales of iPhones may have reached 500,000, according to an analyst's estimate, as Apple's much anticipated product saw sales that lived up to and even exceeded its hype.
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Sure, Apple is expected to report healthy earnings on strong Mac and iPod sales, but the buzz is still about the iPhone.
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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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A small bite of Apple has become a mouthful--the iPod has helped the stock double since January.
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Apple Inc. on Monday reported strong earnings for its fourth quarter, boosted by record Macintosh computer sales and the shipment of 1.12 million iPhones.
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Apple Inc.  sold about 525,000 iPhones at Apple and AT&T Inc.  stores in the first weekend since its June 29 launch, the Los Angeles Times reported on Monday, citing an analyst.
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Banner year helps propel Apple's stock, which briefly stock traded north of $200 on Wednesday.
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InfoWorld - 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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Investor's Business Daily - All those long lines of first-day Apple iPhone buyers didn&#39;t immediately pay off as expected for the device&#39;s service provider, AT&amp;T, but the company on Tuesday still reported better-than-expected earnings, aided by strong wireless growth.
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AT&T Inc.  sold almost all  its initial stock of Apple Inc.'s  iPhone within hours  of the device going on sale, an AT&T spokesman said on  Saturday.
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There's more to gain than lose from the upcoming iPhone.