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"Attempting to analyze Apple through the general mediocrity of the industry they're part of, is just not the way to look at Apple..."

  Thursday, December 24, 2009

Jobs "extremely happy" with tablet

A flood of rumors point to a Jan. 26 unveiling of Apple's new touch-screen device

Apple (AAPL) is a company that leaks with a purpose, and for Christmas it has loosened its normally tight-lipped public relations operation and delivered a heap of neatly wrapped rumors.

The best it saved for the New York Times' Bits blog.

  • Steve is happy. The Times' Nick Bilton reports that when one of his colleagues asked a senior Apple employee if the tablet rumors were true, the response was: 'I can't really say anything, but, let's just say Steve is extremely happy with the new tablet.'
  • Mini tablet. Much of the technology in tablet designs that Jobs had previously rejected ended up in the iPhone, a former Apple employee told the Times. "If you have an iPhone," writes Bilton, "you're carrying around a mini version of an early Apple tablet."
  • Surprise. Finally, someone who recently left Apple (perhaps the same former employee) told Bilton 'You will be very surprised how you interact with the new tablet.' (See AppleInsider for what that might entail.)
  • Save the date. The Financial Times reports that Apple has rented the big stage at San Francisco's Yerba Buena Center for the Arts for a major product announcement on Jan. 26. Source: "people familiar with the plans."
  • Demo apps. Silicon Alley Insider's Dan Frommer reports that some developers have been told by Apple to prepare apps for onstage demonstration. "They've told select developers that as long as they build their apps to support full screen resolution — rather than a fixed 320×480 — their apps should run just fine," his source says.
  • March delivery. Based on a conversation this week with a Taiwanese supplier, Piper Jaffray's Gene Munster expects the device to go on sale before the end of March. See here.
9:32:05 PM    

AAPL hits record high on tablet rumors

Two years after Apple first broke $200, the stock sets a new all-time record high

"If you can keep a good stock down," wrote Jason Schwarz last week, explaining why hedge funds love Apple (AAPL), "then you are able to load up for the ride back up. It's like a slingshot [~] the harder you pull, the more propulsion you generate."

As if to illustrate his point, Apple shot to a new intraday high of $209.35 on Thursday, three and half weeks after it was pulled down below $190.

The stock popped following rumors that Apple's long-awaited tablet computer might be unveiled in January. See here.

More broadly, Thursday's intraday high represents a 167% increase from the stock's 2009 low of $78.2 set on Jan. 20, and it comes two years almost to the day after Apple first reached $200 a share.

It's been a bumpy ride.

Apple closed at a record $209.04, up 6.94 points (3.43%) for the day. The Dow, meanwhile, rose 0.51% and the NASDQ 0.71% in a shortened day of trading.

9:23:29 PM    

Apple Breaks Out to New Highs

Hickey and Walters (Bespoke) submit:

Apple (AAPL) broke out to new all-time highs once again today. The stock had struggled over the past couple of months, but it has come roaring back over the last week.

click to enlarge


Complete Story » 9:18:11 PM    



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