Here’s the latest Apple rumors and news on AAPL stock, covering everything from the iPad and the iPhone to the latest Apple stock price target:
Apple iPad Sells 3 Million: After just 80 days on the market, Apple has sold 3 million iPad tablet computers. AAPL stock has seen a nice bounce as a result of this success. Apple founder Steve Jobs said, “We’re working hard to get this magical product into the hands of even more people around the world, including those in nine more countries next month.” He did not mention how this magical device is filling Apple shareholders’ pockets with cash.
Walmart Starts Stocking the Apple iPhone: As we previously report, Walmart stores will carry the iPhone 4. Just days before its June 24 North American release (that’s Thursday of this week, Walmart stores have started to receive boxes of the latest Apple smartphone and are building up their stock in anticipation of hot sales. iPhone sales were red hot in preordering, and advance orders are sold out so there are already some worries about initial supply for the smartphone.
AAPL price Target Hits New High of $375: AAPL shares spiked up to $274.85 in early trading on Tuesday. That is impressive enough, but Deutsche Bank’s Chris Whitmore is has raised his price target for Apple stock up to $375. Whitmore wrote, “Apple is beginning the strongest product cycle in the company’s history, led by the iPad and iPhone 4 later this week.”
As of this writing, Anthony Agnello did not own a position in any of the stocks named here.