High on Apple

Apple hits an all time high on Friday December 7, 2007 closing at 194.30.
On Friday December 7, 2007 Apple (AAPL) shares hit an all-time high, gaining $4.35, or 2.3%, to $194.30. The stock is now up 129% for the year to date - it finished 2006 at $84.84. It was around $60.00 a share when the iPhone was announce in January of 2007. Apple now sports a market cap of $170 billion. Compare that to Cisco at $166 billion, Intel at $162 billion, IBM at $150 billion, HPQ at $134 billion and Dell at $56 billion.
The trend line is clearly up for Apple as reported in the latest (Rockville, Md.-based) ChangeWave consumer poll found that 29% of likely notebook and desktop PC buyers in the next 90 days are planning to get a Mac. That's higher than consumer purchase intent for HP laptops (21%), HP desktops (24%) and Dell laptops (28%). More on this is available at Yahoo!