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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. ...

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