Apple Keeps the Buzz

01/10/06 - 12:48 PM EST

TSC Staff

Shares of Apple(AAPL Quote - Cramer on AAPL - Stock Picks) 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.

Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Free Newsletters from TheStreet

Cramer's Daily Booyah!
Highlights of Jim Cramer's videos
on TheStreet.com TV & his
"Mad Money" TV show.
Before the Bell
All the information you
need to position yourself
for the day ahead.
Submit
We respect your privacy.

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!