Thursday, December 14, 2006
Apple stock still shooting for the moon
Apple stock continues to soar lately. A major investment firm ( name escapes me ) just raised it's projected price for Apple from $90 / share to $110 / share. I am not sure what is driving this directly. Is it mostly based on projected holiday iPod sales? Is it in anticipation of future products at MacWorld in January? Such as the iPhone or iTV? One other article I read said that the Macintosh side of the business is growing very well too. Much faster than the PC market as a whole. All in all, it's all good.
Subscribe to:
Post Comments (Atom)
1 comment:
Stitch, these are the times that we Mac users have been waiting for! We need to soak up the beautiful rays that Apple emanates!
I personally believe it's the anticipation of the iPhone along with stellar iPod sales that is propelling the stock price. The problem now is that Apple needs to come up with something Whiz Bang in January to not dissapoint the sky high expectations for the iPhone, a product that doesn't even exist yet except in our minds!
Post a Comment