Success story of iPad guides Apple Stock rising
Apple’s stock heads for a record peak, as investors express their confidence in the company’s future. Apple Inc.’s stock prices hit a record peak of almost $300 on Tuesday, and analysts predict they won’t stop there. That’s an impressive climb from about $7 per share in early 2003, or even the post-iPhone $169 in 2008.
We can’t ignore the contribution of iPads, iPhones and iPods which has lot to do with Apple’s fortunes over the last few years. With the iPad just now moving into major US retail chains and becoming available in more countries, sales projections for 2011 range from a conservative 20 million to a more optimistic 50 million.