Today saw a massive leap in Apple's stock price, a $6.40 leap, some 11.83%, ending the day at $60.50. On the evening of the 18th I noted that at $52.90, with basically one trading day to go, Apple was very attractively priced due to fears of back-to-school iPod sales forcing it down and the stock options scandal.
As Grant Robertson blogged earlier this morning, a 48% increase in profit, 1.3 million Macs moved, and 8.1 million iPods sold, made for some great numbers. Fears about the iPod? Sales were up 32% this quarter, and the next quarter is usually a more standout one for Apple. They seemed pretty psyched up in their conference call about a lot of really good numbers.
Apple after the bell 07/20/06: dramatic 11.83% jump in stock
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