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AAPL Stock: 98.38 ( -0.64 )

Printed from http://www.macnn.com

Apple defies market selloff, stock up 4 percent

updated 02:50 pm EDT, Fri August 12, 2005

Apple defies market

Shares of Apple on Friday to post a 4.3% rise, gaining $1.96 to $45.96, according to MarketWatch. "Other technology stocks were under pressure after both Cisco Systems and Dell Inc. this week issued disappointing earnings and predictions for the third quarter. Art Hogan, chief market strategist at Jefferies & Co., said Dell's most recent quarterly sales disappointed investors because although unit sales were strong, prices were weak. By contrast, Apple has been enjoying both strong unit sales and aggressive pricing, helping the stock look good in contrast to fellow computer maker Dell, he said."




by MacNN Staff

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  1. Ganesha

    Joined: Dec 1969

    0

    The reason

    Maybe it's buzz that OS X can be made to kinda run on any (modern) x86 now.

  1. koolkid1976

    Joined: Dec 1969

    0

    Mr Dell

    Sell the company and give back stock holders their money. That's all I have to say.

  1. Paul Huang

    Joined: Dec 1969

    0

    It's called the CT effec

    Creative Technologies just had 31+ million dollars of loss from the most recent quarter.

  1. Paul Huang

    Joined: Dec 1969

    0

    young punks

    Dell and that c**** (CEO of Creative Technologies) in Singapore are just punks who still don't understand that nothing is constant and their words could come back to haunt them. Bill Gates also said that no one would ever need more than 640 K (or whatever, it's not important now) of memory.

    Not too brilliant, are they?

  1. 83caddy16v

    Joined: Dec 1969

    0

    expected a sell off

    I was expecting a selloff today but glad to see it was a really good day.

    Hopefully there won't be a selloff on Monday.

  1. melgross@usa.ne

    Joined: Dec 1969

    0

    Oh no! It's wrong!

    Wrong numbers! It closed at $46.10 for a 4.77% rise.

  1. ecrelin

    Joined: Dec 1969

    0

    their own fault…

    Let's see, punish Dell for weak prices but turn right around and demand that all computers should be as cheap as a Dell… huh?!? There's an old old axiom, something about having your cake and eating it too? Consumers/investors in this country are a bunch of morons. Decry loss of manugfacturing jobs and local retail business but shop till you drop buying Chinese goods at WalMart or on the internet to save a few whopping (but very precious) dollars. Although bashing Dell is good for Apple, hee hee.

  1. windsurfer_nyc

    Joined: Dec 1969

    0

    up on Google/iTunes rumor

    According to market chatter, Apple is set to announce a deal with Google calling for Google to offer Apple's iTunes music store through its own site. The rumored deal would pair the nation's leading online music store with its leading search engine.

    There's "speculation of an iTunes launch," says Paul Foster, an options strategist at Theflyonthewall.com. "Google is going to offer iTunes somehow on their platform," according to the rumor, he says.

    http://www.thestreet.com/_yahoo/tech/hardware/10237939.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

  1. kw14

    Joined: Dec 1969

    0

    re young punks - P Huang

    Watch the derogatory term. Bad taste is bad taste.

  1. Sondjata

    Joined: Dec 1969

    0

    c****?

    c****?

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