Tag: apple-shares

Apple shares today have risen to a 52-week high (US$87.95), reports MarketWatch, citing rumors of a forthcoming iPhone.

Apple shares rose more than 6% Thursday as investors reacted positively to the company posting a 27% rise in earnings due to higher sales of its iPod digital media players and signature Macintosh computers, reports MarketWatch. However, Apple also said the upbeat results stood a chance of being restated amid the effects of the company’s investigation into stock-option backdating.

Apple shares today hit a record high on the news of the company’s decision to switch to Intel microprocessors, as well as Apple’s better-than expected revenues for the December quarter and impressive iPod and iTunes sales, reports the Associated Press. Apple shares jumped US$3.04, or 3.8 percent, to close at a split-adjusted record high of $83.90 on Wednesday.

Shares of Apple Computer today rose five percent today, on investor’s expectation that the company will announce a new iPod product at a special event tomorrow in San Francisco, reports MarketWatch. “Apple shares rose $2.47 to $48.69 in afternoon trading, after earlier touching a new 52-week high of $48.81 on heavy volume.