toggle

AAPL Stock: 111.78 ( -0.87 )

Printed from http://www.macnn.com

Tablet rumors drive Apple stock to record high

updated 03:30 pm EST, Thu December 24, 2009

Analysts consider stock undervalued

Apple stock (AAPL) on Thursday surged to a new record high amid rampant rumors surrounding the unconfirmed tablet device. Shares reached past $209 in late day trading, up approximately 10 percent in a single week. The stock has more than doubled in value since it bottomed out around $78 in January of this year.

Piper Jaffray analyst Gene Munster earlier this week adjusted his forecast for Apple stock, claiming that previous performance models have ignored the Apple tablet. Munster places the odds of a January launch at 50 percent, although the company is also expected to introduce a camera-equipped iPod touch or updated Apple TV sometime early this year.

A recent leak suggests Apple's upcoming event is scheduled for January 26th at the Yerba Buena Center in San Francisco. The sources anticipate a "major" product launch, although details were not provided regarding the specific device.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. ebeyer

    Joined: Dec 1969

    +2

    Help me

    I'm still trying to understand the business model here. Maybe there just isn't enough information out there yet about the iTablet-thingie. From what I've read, it sounds like this thing is going to be either a 7 or 10-inch tablet that costs at least $700 that runs a version of the iPhone/iPod touch OS, that will have some sort of mobile internet service.

    Assuming all of the above is true, please explain to me why I would want this. iPod touches start at $200 and would do everything, except it has a tinier screen. For the tiny-screen averse, you can route the video to a TV screen and watch the video there. For $300 more you get a Macbook, which has a 13.3 inch screen, a physical keyboard and the latest version of OS X - allowing the user to run different web browsers, flash, open office, dashboard widgets and on and on.

    Don't get me wrong. I want to get excited about this product. I think it has a lot of potential. I'm just not seeing the desirability of the product designed given the products presently available at the suggested price range.

  1. eldarkus

    Joined: Dec 1969

    +4

    re: ebeyer

    your basing your decision on pure rumors and speculation. We have no idea what the device will be or what the price point is. I am fairly certain that Apple knows what they are doing when it comes to something like this. The price point will most likely be between the cheapest MacBook and the Touch.

  1. Constable Odo

    Joined: Dec 1969

    +1

    Only rumors can drive up Apple stock?

    You'd figure fundamentals alone should keep this stock rising but it needs some fake rumors to get investors excited. I wonder why. Nobody really knows much about the tablet and whether it will even sell all that well. I'm not complaining about the stock price going up, but if that's the case, then another rumor disclaiming the first rumor will drive the stock right back down. That's no way for a solid company's stock to work. It's too flaky.

    I hope Apple knows what it's doing. If it's basically a bigger iPod Touch, I don't think Apple can go wrong unless the price is really high. I'm willing to pay $800 but I doubt if most people would. Those cheapsters out their barely want to pay $300 for a netbook (with a physical keyboard) so I can't imagine people being happy about an $800 device with no physical keyboard. People must be in love with physical keyboards. I'm not going to be doing most of my typing on a tablet, so to h*** with a physical keyboard.

    I believe Amazon sold 2 million Kindles for the whole of 2009, so the Apple tablet has to do better than that. I'm thinking at least 6 million units for a year and better if they've got some really decent subscription deals worked out. Yet people were even calling the Kindle overpriced, so I don't know what people think they're gonna get for dirt cheap. All I know is that I don't need a tablet, but I sure want one.

  1. testudo

    Joined: Dec 1969

    -1

    Re: Only rumors

    Why should 'fundamentals' keep the stock climbing? The stock is already priced based on the fundamentals (which was known when apple makes their announcements and projections). Things like this are items that would affect the fundamentals, and, as such, the future price.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lackin ...

toggle

Most Commented