Tag: aapl2

As reported earlier today, shares of Apple rose to their highest level in nearly four years ahead of the launch of the HP-branded iPod and Apple’s revamped iMac. “Tomorrow you’ve got HP doing their consumer electronics launch and the HP iPod launch, and next week there’s the introduction of the new iMac,” said Shannon Cross, an analyst at Cross Research. “Apple is in the middle of a huge product launch. Even if they have issues with availability of chips in the near-term due to IBM, there’s remarkable demand.

Shares of Apple rose more than 8 percent Tuesday, gaining US$1.41 to $17.50 each on the Nasdaq Stock Market, despite Merrill Lynch reiterating its “sell” rating on AAPL. Today is the stock’s second straight day of promising gains — yesterday it jumped more than 11 percent to $16.09.