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Apple shares rise on optimism over iPhone demand
Apple confirms sales estimates of iphone and ipod which helped pump up share prices by 4% early Thursday!
NEW YORK (Reuters) - Shares of Apple Inc rose more than 4 percent on Thursday amid optimism on Wall Street that the maker of consumer favorites such as the iPod media player and iPhone can weather economic troubles. The shares rose $5.46 to $128.42 in early trade on Nasdaq, a bright contrast to slumping broader markets weighed down by mounting U.S. recession fears.
Posted by | Thu, Feb 28, 2008 - 11:01 AM
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