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Continue reading Bloggingstockcast: Apple passes $200, what next?
Apple stock leaps almost 5%
In the past I have often commented that Apple Inc. (NASDAQ: AAPL) stock price was based on the iPod. Now I will have to amend that and call it the iPhone stock, as after the strong media favorability, the stock began leaping up today, to close up $5.91, or 4.87% since trading opened.
In the past, Apple stock has often retreated for a couple or a few weeks after a new product launch. Pre-launch hype would build as Apple fanboys and media outlets speculated that the new product would slice toast and make their bed. No matter how solid Apple's product would be at launch, it would always disappoint some vocal people who went beyond hype. The stock would fall.
The iPhone launch has certainly blown that away. The days right before the launch saw Apple hovering just around $120, but now the stock has been motoring up.
Maybe this time the hype and hope and expectations have truly been met.
In the past, Apple stock has often retreated for a couple or a few weeks after a new product launch. Pre-launch hype would build as Apple fanboys and media outlets speculated that the new product would slice toast and make their bed. No matter how solid Apple's product would be at launch, it would always disappoint some vocal people who went beyond hype. The stock would fall.
The iPhone launch has certainly blown that away. The days right before the launch saw Apple hovering just around $120, but now the stock has been motoring up.
Maybe this time the hype and hope and expectations have truly been met.
Apple's top 10 'belly dance' moves
Was it when Steve Jobs announced that smaller, more portable laptops would never be popular among consumers,
later to go all mini, all the time with the iBook? Or, when Apple finally let its consumers have more than one clicker
on their mouse, despite a decade of insistence that one was the loveliest number? Which is your favorite of Apple's
many marketing flip-flops?Wired has a highly entertaining (and not a little enlightening) trip through what they call the "belly dance" moves Apple has made over the years. Number One: when Jobs announced that Intel's processor would be the wave of the future, contrary to his insistence, in November 2003, that the PowerPC would never die.
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