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Apple shares close at all time high

Posted January 10th, 2007 11:00:25 PM (GMT) by Alexandros Roussos

Apple's shares closed at all time high today after analysts weighted positively on the announcements made during MacWorld SF 2007 opening keynote yesterday.

Among the announcements, the long-awaited iPhone which converges the iPod, a PDA and a mobile phone in a same device and the Apple TV which connects to your big screen TV and brings iTunes and iPod content on your living-room wirelessly.

The stock (AAPL) closed at $97 today, up as much as 4.79% or $4.43 up. It now trades even higher in the after-hours market. Yesterday, just after the announcements, Apple's shares already soared about 8%.

Investors seem to have forgotten recent fears on Apple's stock-option scandal while Jobs has provided quite re-assuring comments on an New York Times interview published last night.

“The truth of the matter is everything is fine,” told Jobs to the during his interview after relating Apple's just announced products.

The presence of Eric Schith and Jerry Yang, respectively CEO of Google and co-founde of Yahoo may also have weighted on analysts and investors' enthusiasm, as it symbolizes an union against the software giant and long-time Apple rival, Microsoft.

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