This is a service of EIN News a digital news provider
Technology Today
Sign up for a free trial
Register Now
Member center Log In

Shares of Apple Inc. set new record, more than doubled in 2009

October 21, 2009

San Diego, California (CaymanMama.com) — As one of the most popular technological companies on the globe, Apple Inc. has set yet another record for its success as shares for the company soared to a record high on Wednesday.

The reason for such a swift climb is thought to be the impressive sales of the iPhone and Mac computers, as well as the spreading buzz about CEO Steve Jobs’ potential plans to announce new gadgets in 2010.

The Cupertino-based technology giant’s shares rose $8.98, or 4.5 percent, to $207.74, going well past the intraday record of $202.96 set in 2007. The shares have more than doubled this year.

Apple solidified it’s original record after the iPhone grew in popularity, making up for nearly a third of the major revenue for the company.

According to the Contra Costa Times in San Francisco, “Jobs cut iPod prices, added models, ran back-to-school promotions and expanded distribution for the iPhone 3GS last quarter to fuel sales, which topped $9 billion. Investors expect new products next year, including a tablet device.”

Come And Visit

These stories are not published by IPD Group, Inc. and these links will take you to other websites. Some of these websites require their own registration to read their stories.
<<< Please read the disclaimer for more details.>>>
 
 

Take This Poll

Is Belgian Prime Minister Herman Van Rompuy the right person to lead the EU as its president? (Nov. 20, 2009)



 

BUSINESS PROMOTION SERVICES

EIN Advertising · Place banner ads on EIN News industry specific publications.

EIN Presswire · Upload press releases to the EIN network and have them submitted to leading journalists and decision-makers worldwide.

EIN Global Events · Reach industry-specific readers and promote events, conferences or exhibitions.

EIN Business Directory · Present company or service information on highly-visible, industry and geo-specific news pages.

NEWS SERVICES

News Publications · In-depth geopolitical and industry specific news coverage aggregated from 35,000 online outlets. Updated every 15 minutes.

News Alerts · Receive a free selection of the day's top stories hand picked by EIN News editors.

Newsfeed Maker · Integrate customized newsfeeds in any format covering all industry and geopolitical topics, updated every 15 minutes.

EIN Presswire · Upload press releases to the EIN network and have them submitted journalists and decision-makers worldwide.

Inbox Robot · Customized newsletters delivered by e-mail. Search a news index monitoring thousands of trusted media sources.

COMPANY BACKGROUND

About EIN News · Established in 1995, EIN News began by supplying business professionals and individuals with relevant and interesting news products. It has grown to become the largest digital news provider in Europe.

Member List · See the partial member list and join a community of professionals from private industry, institutions, and governments that rely on EIN as a critical source for research, breaking news and media services.