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Apple shares hit new high as analysts say Mac OS X may beat Vista
Tuesday, November 28th, 2006
Apple shares reached an all-time high yesterday, gaining $2.13 per share (2 per cent) to close at
$88.60. With analyst consensus on top value presently favouring the region between $90-$101 per share, the company is currently trading near its highest market valuation.
Apple’s rumoured launch of an iPhone, observations of strong iPod sales this season, and high expectations for Apple’s hardware and software product road map in 2007 all drive shares upwards.
Investors are also considering next year’s battle for desktop operating systems between Apple and Microsoft. A JMP Securities analyst report on Barons explains the situation isn’t cut and dried - Microsoft may shed users who will then switch to the Mac. Apple shares hit new high as analysts say Mac OS X may beat Vista - Mac - Macworld UK
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