Go to the Softpedia homepage


NEWS CATEGORIES:



NEWS ARCHIVE >>
SOFTPEDIA REVIEWS >>
Home / News / Apple

Apple

Apple's Stock Is Soaring Again

Will we see a stock split?

By Victor Mihailescu, Apple News Editor

9th of October 2007, 13:06 GMT

Adjust text size:



Enlarge picture
Apple's stock is on the rise again, and although the company only recently passed $160 per share, some analysts are already predicting numbers in the two hundred range. Now, more than ever, people are wondering if there will be another stock split, but the company is giving no hint of their intentions.

Apple's stock pushed past the $160 mark on Friday,
but already analysts are looking at the future and expecting continued growth. The company is set to announce the results of the fourth quarter at the end of the month and it is expected to have done very well for itself. Growing Mac and iPhone sales as well as the revamped iPod lineup, especially the iPod touch, are expected to have pushed the company's revenue a long way. For the next quarter things are looking even better, with Leopard driving sales of new Macs and all the customers who had been waiting out for it finally getting new machines. Likewise, the European and Japanese launch of the iPhone will further expand the handset's market and bring in even more money from the contracts with the carriers.
All things considered, Apple passing Intel and IMB in market value and stocks hitting the $200 mark seems to only be a matter of time. If the rumored new Apple TV, MacBook nano and Mac nano also turn out to be true, the company could see an even faster rate of growth.

But despite all this, a stock split does not seem to be in the cards. Apple has been letting the stock grow for quite some time and it had ample opportunity for splits over the past two years, but never made the move. Some speculate that, much like Google, the Cupertino Company is letting the stock grow as much as it will as a sign of its well being. This also has the side effect of deterring amateur investors which are much more likely to react to rumors and speculation. Considering the fact that Apple's stock fluctuates wildly based on even the smallest of rumors, this could help the company avoid situations where the stock would drop dramatically because of deceptive reporting.

TAGS:

 Apple


Rating:
Fair (2.6/5) 5 vote(s) so far    

Read by 1,190 user(s) | Add comment | Link to this article
Subscribe to news | Print article | Send to friend

© Copyright 2001-2008 Softpedia
Contact:

 

 

SEARCH THE NEWS ARCHIVE :




Today's News | Yesterday's News | News Archive


MORE RELATED ARTICLES:


Apple Could Sell iPhones at a Loss

Apple Sees Massive Mac Market Share Growth

Apple Still Making Last Minute Leopard Improvements

New Mac Models on Their Way?

User opinions:

No user comments yet.
Be the first to express your opinion using the form below!

Share your opinion:

Your Name:
Your Email Address:
(will not be used for commercial purposes)
Solve this to prove you're not a bot: =
Your review/opinion:

 






SUBMIT PROGRAM   |   ADVERTISE   |   GET HELP   |   SEND US FEEDBACK   |   RSS FEEDS   |   ENTER NEWS SITE   |   ENGLISH BOARD   |   ROMANIAN FORUM
© 2001 - 2008 Softpedia. All rights reserved.
Softpedia™ and the Softpedia™ logo are registered trademarks of SoftNews NET SRL.		 Copyright Information | Privacy Policy | Terms of Use | Update your software | Archive