November 29, 2004

The ThinkSecret Web site reports that Apple retail store traffic was at least four times that of the same day last year, and other analysts say Black Friday was generally a retail success: VISA said sales using its cards were up 14.3% compared to last year, and ShopperTrak (whose clients include Apple) estimated Friday sales were up 10.8%. Shopping malls said visitor traffic was up, and many retail analysts said sales were concentrated on high-end items. All these stats should indicate a record quarter for Apple’s retail stores–and another profitable quarter. Apple’s stock is up over 340% during the past year, and has doubled in just the last two months. One analyst set a $100 price target on Apple’s stock, saying there are signs that iPod sales are beginning to positively impact iMac sales.

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