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AAPL Stock: 559.83 ( -5.49 )

Apple shares jump to new 4-year high

updated 12:30 pm EST, Mon November 22, 2004

Apple shares up 16-percent


Shares of Apple Computer on Monday, to their highest level in more than 4 years, after a Wall Street analyst nearly doubled his price target on the stock, Reuters is reporting. "Piper Jaffray analyst Gene Munster raised his 12-month price target to $100 from $52, citing a survey conducted by his firm showing that Apple's popular iPod digital music players are helping boost sales of its signature Macintosh computers." In a research note, Munster said that a survey of 200 iPod users in the US found that 6 percent were formerly PC users who had bought a Mac after purchasing their iPod, while another 7 percent said they planned to buy a Mac in the future. A second analyst, Robert Cihra, of Fulcrum Global Partners, also boosted his target price on Monday to $65, up from $53.


by MacNN Staff

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Comments

  1. Boochie

    Mac Enthusiast

    Joined: Mar 2002

    0

    Apple Stock Price

    I'm glad I bought a bunch of Apple stock when it was trading at $16 per share. :)

  1. VadersCape

    Fresh-Faced Recruit

    Joined: Mar 2004

    0

    Not bad ...

    ... for good old beleaguered Apple Computer.

    That's OK, though - they'll be out of business in a few weeks. Everyone knows they're really going under like they have been for the past 20 years. :-)

  1. Glasspusher

    Fresh-Faced Recruit

    Joined: Oct 2000

    0

    bad at everything

    Apple has been going out of business for over 20 years now, and yet still can't close the deal! Morons! At this point, perhaps it is best that they set more reasonable goals, like becoming the #1 computer and music player company in the world. One down, one to go ;)

  1. klinux

    Senior User

    Joined: Jul 2002

    0

    Biased analyst!

    Yeah, I am so emotionally traumatized by this Apple going out of business c*** that everytime there is some kind of financial news I have to drag out this dead horse and beat it.

    These analysts are so biased.

  1. MichaelNH

    Fresh-Faced Recruit

    Joined: Jul 2002

    0

    bandwagon punks

    Yeah it's amazing how many places want to get in on the bandwagon of Apple.... making accessories and such... yet just a couple years ago these same companies were bad mouthing Apple.. *aka HP*... I bet I could find the announcement when they said they would no longer make Apple printers because Apple was no longer viable. Then the iMac came out, and they wanted back in... and sure enough started with the USB HP printers with support..... too late... never another HP printer here.... NEVER

  1. bobolicious

    Fresh-Faced Recruit

    Joined: Aug 2002

    0

    HP & Apple...

    Funny both OS-X 10.1/2 & my HP Officejet have been two of the most exasperating coputer experiences since PowerTalk (so you know I'm a long time power user) - so much so that I bought a PC, which has been surprisingly good - if Apple could improve some of the lesss glamourous aspects such as accounting & contact/data management I'd be a lot happier...

    BTW it looks like the new officejets don't support Mac?

    That being said my own 'research' conforms what is being reported, and hopefully 10.4 will finally offer data management & compatibility that won't drive PC users back whence they came...

  1. testudo

    Fresh-Faced Recruit

    Joined: Aug 2001

    0

    Re: bandwagon punks

    I bet I could find the announcement when they said they would no longer make Apple printers because Apple was no longer viable. Then the iMac came out, and they wanted back in... and sure enough started with the USB HP printers with support..... too late... never another HP printer here.... NEVER

    What! You mean a company makes decisions based on viability of a platform? That's just ludicrous! Didn't they know they had to support the Macintosh no matter how badly the company was being run and how few computers it was selling? And then when Apple announces a new computer with a focus on the consumer, an actual indication the company has an idea and is going with it, they dared try to re-enter the market. Man, what a bunch of idiots must have run HP in those days.

    Keep in mind that there were two key things that Apple did after bringing in Jobs that kept them afloat. They announced and released the iMac, and they inked that deal with MS to keep Office around for 5 years. That showed investors, and, more importantly, developers, that Apple was serious about the consumer side (iMac), and that, with MS Office, the mac was still viable as an office computer. Its what turned around their incredibly large losses.

  1. klinux

    Senior User

    Joined: Jul 2002

    0

    Heck

    I am still made that HP discontinued support for AmigaOS, a viable OS.

    Never a HP printer for me to.

    :)

  1. MichaelNH

    Fresh-Faced Recruit

    Joined: Jul 2002

    0

    yeah

    We are talking a large company that looked at bottom dollar.... which is fine, it's their money.... but for those of us that already had bought HP products, and now find out they won't be supporting us... well can't you see where that might piss a few people off. Epson stepped up to the plate with the 777 model... a rough start, average printer, but they have always had great support.. there are companies out there that have stayed in through the thick and thin of Apple... we all know who they are, and I continue to buy their products.. they stayed with the "not so viable" company... and cared more about their customers then about their future bottom dollar.. HP I think just bailed a little premature... you have all the right to buy HP products. I stuck with Apple thru the years, I can't see why a large company like HP couldn't.. how hard was it to really make a driver for apple... geesh.

  1. Feeling_Macish

    Fresh-Faced Recruit

    Joined: Mar 2004

    0

    Where were these a*******

    with their "outperform" ratings back in 1994? Huh? Now that Apple is doing good they share their "vision" about the share price.

    From another perspective, it's pretty sad that these guys, after all the financial industry scandals and the internet bubble, still have the power to drive a stock price up or down. Pathetic sheep, that's what most buyers and sellers are.

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