Apple ended the day at $52.37, up $1.70, an over 3% jump up as the week gets closer to Apple releasing its upcoming earnings report. This is a nice little rebound after Apple slipped into a nine month low. Fears of Apple's missing the back to school iPod season with a new model have been dominant, but Gene Munster of Piper Jaffray is reporting that they are confident Apple will release a version of the iPod that will ship in late September or October. All of this combines to make an attractive price on a stock pushed down by fears about iPod schedules right now.
Meanwhile, Steve Jobs makes the MediaGuardian 100 list at #2 for having created the iPod revolution and changing media consumption habits.
[Disclosure: I own Apple stock at the date of this post]
Apple after the bell 07/17/06: new iPods expected to be ready for back to school season
Posted Jul 17th 2006 6:29PM by Tobias Buckell
Filed under: After the bell, Rumors, Products and services, Industry, Competitive strategy, Apple Inc (AAPL)
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Reader Comments (Page 1 of 1)
7-17-2006 @ 10:10PM
Mr. noitall said...
Good job, Jobs, you invented a way for artists to be protected from music thieves!!! Now please start working on an ivention to protect shareholders from backdated option thieves!!!!