AAPL reacts to iBook news
updated 05:00 pm EST, Mon January 30, 2006
AAPL, iBook news
Apple shares (AAPL) rose about 6.3 percent at some points today after a UBS analyst said that Apple may be releasing new iBook laptops in late winter. Reuters reported that Apple has declined to state what the timeline for a new iBook release might be, but that Steve Jobs did mention at MWSF that the entire Mac line will be moving to Intel processors by the end of the year. According to Reuters, UBS analyst Benjamin Reitzes said that Apple "is likely to launch new iBook laptops as soon as April. Other potential new products this year include a "media hub," updated iPods, a media player and even a cell phone." AAPL rose up to $76.60 before dropping down to $74.90 on the Nasdaq.
