Apple Stock Hits $200!
12.26.07 - 01:19pm
Apple has done it! They have reached the $200 dollar mark accomplished today, one day after Christmas.
Apple has always shown a performance jump as it heads into the new year, fresh off the holiday sale of iPods, iPhones, Macs and the anticipation of new announcements at MacWorld. This year has proven to be exceptional with the stock jumping 140 percent in 2007 and with Apple finally reaching the coveted $200 mark.
A huge increase in Mac sales have accounted for the majority of Apples increase in revenue for the year. The computer sales have been boosted by the high publicity of the iPhone and the new iPods. 2007 has brought Mac shipments up 36 percent over last year generating half the of Apple’s total revenue. iPod sales are up as well, but due to the proliferation of the market sales have only increased 4 percent with over a 100 million iPods being sold.
“We’re looking forward to a strong December quarter as we enter the holiday season with Apple’s best products ever,” Chief Executive Steve Jobs said in the company’s last quarterly earnings statement.
According to his word, the company is up for December with analysts expecting earnings to beat Apple’s forecasts of $1.42 a share and $9.2 billion in sales, instead earning $1.57 a share and $9.4 billion in sales.
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