GristyMcFisty used our news submit to tell us that Apple shares have closed on Tuesday at a four year high. The shares finished trading at $53.50, shares were up $1.05 for that day or around 2 percent.
The credit for the four year high shares is of course the
Apple iPod as it continues to sell well and now makes up around 23 percent of
Apple's profits. The iPod has already captured 82% of the market for hard disk
based mp3 players in the US , and continues to sell well throughout the world.
A Bloomberg story on the four-year high credits continued iPod buzz for the stock's run-up. The iPod generated 23 percent of Apple's sales last quarter while capturing 82 percent of the market for hard-disk-based MP3 players in U.S. retail stores. |
Source: Mac Observer
