Apple (AAPL) Hits All-Time High Ahead Of Holiday

Consumer Electronics

Published: December 24, 2007 1:37 pm

Only good news for Apple (AAPL). At least that is how Wall St. looks at the holiday prospects for the maker of Macs, iPods, and iPhones. Apple’s shares hit $199.33, an all-time high, up from a 52-week low of $76.77.

Industry analysts are now predicting that the consumer electronics company has sold five million iPhones. That would put it half way to hitting its target of ten million by the end of 2008. If the handset has done that well so far, it is almost certain to eclipse the company’s forecast.

While overall portable media player sales appear to have been modest for the holidays, NPD Group says that the iPod is the one exception. That means sales are not only going well, but the Apple devices would appear to be taking market share.

Mac sales also are extremely strong if activity on Amazon (AMZN) is any indication. Of the top 25 computers being sold on the huge e-commerce site, eight are Macs or Mac-related products. Only HP (HPQ) is ahead of that with nine products on the list.

Steve Jobs got his holiday wish.

Douglas A. McIntyre

The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%¹ today. Checking accounts are even worse.

But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps