Apple Has A Merry Christmas
December 27, 2007 at 5:28 AM (PT)
APPLE's stock hit a new high yesterday in the afterglow of a big CHRISTMAS for MAC computer and IPOD gift-giving. Shares in the tech giant, which owns the ITUNES music store, touched $200.96 in mid-session trading with investor expectations running high that the company will report record IPOD sales and growing MAC business, reports THE NEW YORK POST.
Also powering the stock is growing speculation that STEVE JOBS may unveil a new slate of must-have gadgets -- including an ultra-portable laptop and possibly an improved IPHONE at next month's MACWORLD conference.
Analyst estimates suggest that the company will sell 23 million to 25 million IPODS by the end of the quarter, along with more than 2 million MACS and more than 2 million IPHONES.