Apple Update October 6th-13th

This page provides a report of all important updates and discussions involving Apple Inc. between October 6th and October 13th.

Monday, October 13th

  • Here is an extremely interesting article discussing the MacBook and how it factors into Apple. I highly recommend reading this article, as it provides awesome insight into the company!
  • Apple stock jumped 13.9% to 110.526. Analyst Toni Sacconaghi of Sanford Bernstein upgraded the stock to outperform today. The 52-week high for AAPL is 202.96, and therefore many Americans may see now as a prime time to purchase AAPL given the strong hit it has taken in the past few weeks. This is Apple's highest one day gain since 1999.

The move comes after the stock had plunged more than 40% in value over the last six weeks as the weakening global economy has fueled concerns about the performance of technology companies in general — and Apple in particular.

Saturday, October 11th

  • There may be problems with the Nvidia chips in some of Apple's laptops. Here is an article discussing the issue.
  • As well, rumors are spreading that Walmart may begin carrying the iPhone in November. This could be a huge step for Apple's revolutionary phone!

If true, the Walmart agreement could be a major coup for Apple, expanding distribution significantly. Walmart has over 3,500 stores across the US compared to Apple's almost 200 shops, and AT&T's arsenal of nearly 1,200.

Friday, October 10th

  • Following the announcement of Apple's media event October 14th, Apple stock skyrocketed 9% to 96.08, despite the Dow falling -1.5% on the day.

Shares of Apple Inc. rallied more than 9 percent Friday, as investors saw a newly attractive valuation in the battered stock and anticipated new laptop computers.

Thursday, October 9th

  • HUGE NEWS is released today as Apple announced that they will be hosting an event Tuesday, October 14th to unveil their new line of laptops. There is a big deal of hype surrounding this event, as Apple is known for stirring. Tuesday will be a huge day for Apple, as we will be able to see their future plans and how Americans react.

Even in the midst of economic uncertainty centered around the financial crisis on Wall Street, Apple has been displaying its penchant for generating headlines and hype for unannounced products.

Tuesday, October 7th

Apple co-founder Steve Wozniak, who has been retired from the company since 1987, still has a love for gadgets, technology and computers, but in an interview with the Telegraph, he is startlingly frank about where the industry is headed and his thoughts and opinions when it comes to the Web 2.0 movement; the iPod’s longevity and the iPhone when it’s compared to the Google Android operating system.

Monday, October 6th

  • The iPhone has been extremely successful since its release over a year ago, with most of its competitors failing to imitate it. However, Nokia's newest device, the Nokia 5800 XpressMusic, is expected to legitimately duel the iPhone. If this product does truly challenge the iPhone, this could put a major damper on Apple's recent success. Following the iPhone's competitors is a significant part of understanding Apple as a company.

Nokia has launched the latest "iPhone killer" in India, its first touchscreen mobile phone, the Nokia 5800 XpressMusic, which is expected to give Apple Inc.'s iconic iPhone a run for its money.

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