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Adobe Systems, Apple: After-Hours Trading (Update 1)

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Shares of Apple (AAPL - Get Report) still had some steam left after closing the regular session above $600 for the first time ever. The stock was last quoted at $604.66, up $3.56, on volume of nearly 650,000, according to

After announcing plans to initiate a dividend and repurchase up to $10 billion worth of its common stock, Apple said after the close that it's already sold three million units of the new iPad since the product's launch on Friday.

"The new iPad is a blockbuster with three million sold―the strongest iPad launch yet," said Philip Schiller, Apple's senior vice president of Worldwide Marketing, in a press release. "Customers are loving the incredible new features of iPad, including the stunning Retina display, and we can't wait to get it into the hands of even more customers around the world this Friday."

During Monday's regular session, Apple shares hit a new all-time high of $601.77 on an intraday basis. The stock is now up nearly 45% since the start of 2012, and more than 75% in the past year.

Check out TheStreet's quote page for Apple for year-to-date share performance, analyst ratings, earnings estimates and much more.

Other companies making news after the bell included Walt Disney (DIS - Get Report), whose stock fell 1% to $43 on volume of more than 200,000 after the company said it expects to record an operating loss of $200 million in its fiscal second quarter ending in March stemming from the poor performance of 'John Carter,' a Mars movie released earlier this month; (AMZN - Get Report), whose shares ticked 12 cents lower to $185.20 on volume of more than 20,000 after the online mega-retailer said it's agreed to acquire Kiva Systems, a privately held maker of robotic package handling systems, for $775 million in cash; and Focus Media (FMCN), whose stock gained 4.7% to $29.32 on volume of roughly 100,000 after the China-based digital advertising company reported strong first-quarter results, posting a non-GAAP profit of $96 million on revenue of $256.4 million.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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ADBE $93.66 0.00%
AMZN $671.32 0.00%
AAPL $95.18 0.00%
DIS $103.78 0.00%
FB $117.43 0.00%


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