Feeds

Apple stock rockets

Record high achieved

Security for virtualized datacentres

Apple's share price hit a record high yesterday, and it could well do so today.

AAPL stock closed yesterday at $59.95, up four per cent on the previous day's close. The stock began trading at $60.55, and peaked at $61.74 in some early transactions.

It's not hard to see why the stock might be proving so popular. This week's forecast that Apple will ship enough iPods this quarter to bring its to-date total up to 37m, coupled with the company's announcement that it had sold 1m $1.89 video downloads in under 20 days, has clearly got investors anticipating a strong Christmas quarter for the Mac maker.

That's particularly the case since its competitors in the portable digital media player market are anticipating a difficult period, thanks to the deal Apple is alleged to have made with Samsung to ensure it doesn't run out of Flash memory chips. The trouble is, some rivals say, most notably Creative, that means they may face supply problems.

Half of the top ten most popular notebooks on sale at Amazon.com are Apple machines, something analysts see as evidence of the iPod halo effect: the popularity of the player is encouraging computer buyers to choose a Mac rather than a Windows machine. On the desktop list, the number of Apple boxes rises to seven.

All but one of the e-tailer's top selling MP3 players are iPods. The odd one out is a 256MB SanDisk. It's no great surprise, perhaps, that the top-three selling iPods are all black models, vindicating Apple's new colour scheme.

Amazon.com's lists don't tell the whole story, of course, but they're a good indicator of US buying trends.

Another trend worth noting is a move among investors to favour stock known to be doing well, rather than simply offering the possibility of success at some future time.

"Investors want to own the names that are doing well," American Technology Research analyst Shaw Wu said in an interview with Reuters. "It's the flight to quality... [Apple] is one of the few quality names out there with pretty high visibility. You know whether they're doing well or not." ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.