Apple Stock Hits $200 Before End of Year
What a year it has been for Apple.
Today, the computing giant’s stock hit $200 after a year that has seen the stock’s price as low as $76.77. Brisk iPod, iPhone, and Mac sales have contributed to a banner year for Apple.
The stock price has shown a lot of volatility, but has been basically rising since January.
A decline in NAND flash memory prices is also helping Apple cut component costs, so there is more room left for pure profit.
Some analysts see Apple’s stock as a strong buy until it hits $225. The present is excellent and the future appears bright.
It must be recalled that it took Apple nearly two years to sell 1 million iPods, while it has taken a fraction of that time to move a million iPhones. The growth is staggering and showing few signs of letting up.
While many users are reporting problems with Leopard, Apple’s latest OS update, it’s unlikely to scare any potential users over to Microsoft’s Vista, which is having problems of its own.
With the potential release of a 3G iPhone and a rumored next-generation Newton next year, there’s more to come.
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