Apple, Sprint: Tech Winners & Losers

Tech winners & losers story updated with closing prices

NEW YORK ( TheStreet) -- Apple ( AAPL) shares hit a new high Monday and outpaced the Nasdaq, which closed up 4 points to 2,708 .

Apple closed up 1.88% to $342.45, after reaching a new high of about $343 earlier in the day. Verizon ( VZ) is expected to announce the availability of Apple's popular iPhone on Tuesday, the first time in the U.S. the iconic phone has been sold by a carrier other than AT&T ( T).

Verizon shares closed down slightly -- 1 cent at $35.92 and AT&T, which bolstered its lineup of Google ( GOOG) Android-powered phones at CES, fell 1.77% to close at $28.34. T-Mobile parent Deutsche Telekom and Sprint ( S), which aren't expected to receive the iPhone anytime soon, were both down, 1.10% and 2.14% respectively.

Flash maker Adobe ( ADBE) saw its shares rise more than 3% Monday afternoon, after receiving an upgrade to buy from neutral from a Merrill Lynch analyst. In a note, the firm said that Flash is positioned to be a differentiator for all non-Apple smartphones and that the company will continue to gain market share as the Android platform grows.

Adobe closed up 92 cents at $32.96.

Fresh off a week of announcing a cadre of what look to be cutting-edge gadgets at CES, Motorola Mobility Holdings ( MMI) closed down 2.42% Monday at $32.26 after receiving a series of hold ratings from various analyst firms.

--Written by Olivia Oran in New York.

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