Apple stock tops $100 per share; the next Google?

Apple stock tops $100 per share; the next Google?

Summary: It's tough to say exactly what is causing the climb, but Apple, Inc.'s (NASDAQ:AAPL) stock price topped the US$100 mark today closing at US$103.

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TOPICS: Google
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AAPL Stock PriceIt's tough to say exactly what is causing the climb, but Apple, Inc.'s (NASDAQ:AAPL) stock price topped the US$100 mark today closing at US$103.92, up US$3.11 or 3.09 percent.

Our favorite fruit company is mostly likely riding the wave of the Dow's 23rd rise out of the last 26 sessions (the longest such streak for the blue chip stocks since 1944) and Alcoa's US$30 billion hostile takeover bid for rival Alcan. Today's US$103.92 close for Apple set a new high for the year.

Now that it's in triple digits it should be interesting to see what the launch of iPhone does to the company's stock price. 

You can keep track of Apple's share price with Jon Shilling's nifty AAPL Stock Dock 2.3 (free, pictured) application. It's green when the price is up and turn red when the price is down.

Topic: Google

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3 comments
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  • Uh oh...

    There goes the rest of Ballmer's hair.
    UbiquitousGeek
  • Not to worry though ,,,

    Ballmer can buy himself a wig or just use a hat . If anything the future is being made here today . All the MS cheerleaders can scream all they want , but the truth is that APPLE is still coming out ahead in all business aspects .
    I'm Ye, the MS SHILL .
  • Conservative forecast ...

    To say the least is what I have heard about the expected sales numbers for the iPhone.

    They made a forecast to sell 16 Million units in the first year of sales.
    This is _so_ under-estimated that it is not even credible!
    I would not be surprised if it went to almost double that ... even with the expensive price tag ...
    I think they only counted the number for the high-end phone market and not the people migrating to the top market just because of the iPhone ...

    Those guys do not imagine the shear size of the mobile market ...

    But, as usual, not all things are well in the Apple kingdom. Even being a major hit for Apple there are two things Very Bad about the iPhone:

    - I do not have one Yet :)
    And then the really bad thing ...

    - Apple should (and I think it will) open the things API's to play around with the thing.
    A Yellow Dog Linux install would also be a great asset :) but I do not even need to dream that high.
    I think this will because in time, and if the model becomes really a success, Mobile operator will want to take advantage of the phone to run their services in customized applications ... so ... they will put pressure on Apple.

    Regards,
    Pedro
    p_msac@...