Apple stock soars on product announcements
Apple's stock closed significantly higher today a day after the company announced several new products including a video-enabled iPod and a new iMac.
Shares of Apple Computer (AAPL) closed at $53.74 today, up 9.11% from yesterday. The company had seen a significant drop on Wednesday after it announced its Q4 financial results. This drop is now erased by todayââ¬â¢s stock performance.
Although they showed their disappointment on Appleââ¬â¢s financials yesterday evening before Appleââ¬â¢s special media event, analysts positively commented on the new product releases. The companyââ¬â¢s outlook for this quarter is, indeed, looking good.
The press were also enthusiastic on yesterdayââ¬â¢s announcements. CNBC covered the event and interviewed Apple's CEO Steve Jobs yesterday after the press event. Jobs discussed the new product announcements and showed his disappointment over shareholders' reaction on Q4 financials and iPod sales figures.
Apple is now trading even higher in the after hours session at as high as $53.81 (up 0.13%).
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