Apple stock jumps after iPhone announcement
Steve Safran January 11th, 2007
(Disclosure, right up front: I own shares of Apple.) The stock market seems to like the iPhone. Apple shares (AAPL), which were at $85 on January 5, are up as of this morning to about $96. The stock set a record on Wednesday, one day after the iPhone announcement, hitting more than $97. Apple stock is now nearly double its 52 week low of $50. Considering the recent questions surrounding stock options backdating, the jump is especially notable.
3 Comments Add your own
1. thetehranchannel | January 11th, 2007 at 8:05 am
can’t wait till they start selling apple stock in their mall locations.
it could happen.
2. invitedmedia | January 11th, 2007 at 10:21 am
safran, sorry i have to go so far off topic.
i’m keeping an eye on wbz’s return to its roots. recall lr had something on it a few weeks ago?
i’m impressed to see them promoting their ota property and their online property as SEPERATE entities.
the “added-value” proposition just took a leap out the window.
3. Gary | January 11th, 2007 at 11:01 am
The cheapest voice plan from Cingular is 450 minutes with no nights and weekends. Not very reasonable, so let’s pick the 900 minute plan with unlimited nights and weekends for $60. And if you want a data plan that allows you more than 20MB/month — something that’s pretty easy with a fully functioning browser — you have to get the unlimited plan for $40. That’s $100/month, or $2,400 over the 2-year term of the contract. Add in the minimum $500 for the phone and the $36 activation fee, and this phone costs $2,936. A $3000 phone is for suckers. I’m curious if Apple’s stock price will remain high after their Q3 sales figures come out.
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