One day after the release of several pro products during a media event, Apple’s stock soars to new all time highs.
New all time highs:
After analysts positively commented yesterday’s media event announcements today, the stock reached the maximum of $56.50 during the regular trading session and closed at $56.14 (up 2.18).
In after hours trading session, the stock even reaches a new all time high of $56.72 at the moment we’re composing this story.
Momentum and business growth:
Apple has made about a dozen product announcements during the past ten weeks, increasing its momentum week by week, right before the holidays season.
Analysts never doupted that Apple was capable of keeping this momentum up but showed concerns of Apple’s ability to continue to grow as quickly, especially in terms of market capitalization.
The company faces two major challenges: keeping iPod-iTunes market share up and keeping Mac sales growing although it plans to switch to Intel by next year. It looks like Apple is on the good way to be successful on both of these challenges.