Apple Keeps the Buzz

Stock quotes in this article: AAPL  

Shares of Apple(AAPL Quote) soared to a new 52-week high on Tuesday as the company kicked off its annual MacWorld expo amid more evidence that the company's still-hot iPod digital music player is driving strong results.

According to an 8-K filed on Tuesday, Apple sold 1.25 million computers and 14 million iPods during the holiday quarter, which will help the company post revenue of $5.7 billion, well above current Thomson First Call estimates of $5.04 billion.

Apple's stock recently surged up $3.28, or 4.3%, to $79.33 after early published reports from the MacWorld keynote speech by CEO and Chairman Steve Jobs offered more good news: the company is selling 3 million songs a day on its iTunes store and has sold 8 million television shows since mid-October.

And, as is typical of an Apple media event, the company is hardly standing pat: the company announced a deal to place content from the NBC television variety show "Saturday Night Live" on iTunes beginning today and unveiled a new iPod remote control with an FM tuner.

The remote allows users to skip tracks and adjust the volume of their iPod even when it's in a pocket or backpack, and listen to FM radio stations while displaying station and song information on their iPod screen.

The iPod Radio Remote includes a pair of headphones with a shorter cable; it will be offered for $49.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,464.40 1,110.63 2,176.05 32.79
Oil *
77.05
UP
30.69
UP
4.98
UP
6.87
DOWN
0.38
10 Yr
3.28%
SPDR Gold
116.62
+0.29%
+0.45%
+0.32%
-1.15%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services