A San Jose Mercury-News story explains the quick jump in the price of Apple stock on Monday (up $6.18 to $61.35), based on a positive forecast by the Piper Jaffray financial analysis firm. The company also was positive on retail, the newspaper said, noting, "In subsequent conversations with 15 Apple resellers (by Piper Jaffray), 30 percent said sales were tracking above expectations while 70 percent say sales are in line with estimates. Nearly all reported strong demand for Apple’s iMac G5 desktop computer." As for Apple’s retail stores, the report said store traffic has been increasing 34% per quarter, and, "…this could quickly become a meaningful driver of Mac sales and market share gains."
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Most Viewed
- Two New Window Displays Debut
- Sydney Opening Draws Thousands
- Apple Store In ‘Biggest’ Mall
- Apple Recruiters Tempt Exemplary Employees
- Metrics Are Part of Retail Reality
- Chicago, Denver Regions To Add Stores
- UK iPhone Carrier: Announced at Store?
- Future Beijing Store Location ID’d
- Second Switzerland Store Nearly Finished
- Paris Store Receives City Approvals
- Finally, A Gulf Coast Store
- Are the Stores Actually Crowded?
