Apple shares hit all-time high

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Apple shares hit all-time high

Apple shares hit an all-time high today, helped by an upbeat analyst note about holiday iPod sales. Shares of Apple rose $1.56 to $85.61 on the Nasdaq Stock Market, reaching an all-time closing high. The stock was boosted by a report from Piper Jaffray analyst Gene Munster that said Apple could sell as many as 14 to 15 million iPods this quarter. “While it is way too early to make a call on December quarter iPod results, we have analyzed the first month of NPD data (October) for the quarter and found that it suggests iPod units of 14-15 million,” Munster said in the report.

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Comments

1

no, this is not an all time high. I am a shareholder, and I remember in January/February, after the intel macs debuted 6 months ahead of schedule, the stock jumped up to around 86.5 (correct me if I am wrong)

According to who is this the all-time high? Nasdaq or iLounge?

Posted by Brad Allenick on November 16, 2006 at 5:41 PM (PDT)

2

i think they mean all-time closing high, it reached 86.5 but did not close at that high. I was confused too when I first read this.

Posted by khyber on November 16, 2006 at 5:44 PM (PDT)

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