Apple shares hit record high on Leopard sales
Posted by Dennis Sellers 
Oct 30, 2007 at 5:26pm
Shares of Apple. ran up to an all-time high after the company said it sold more than two million copies of its Mac OS X 10.5 (“Leopard”) operating system in the first weekend, reports Thomson Financial.
The stock was up 2.1 percent to US$188.85, and had been up as much as 2.3 percent at a record high of $189.12 earlier in the session. At the high, the stock had gained 23 percent since the end of September and 39% over the past two months.
Analyst Robert Semple told Thomson Financial he expects revenue contribution from Leopard to be around $200 million, compared with his prior forecast of $120 million to $150 million before the weekend sales were announced.
UBS Analyst Ben Reitzes said the Leopard sales announcement and his recent checks indicate “a surge in business activity at Apple stores” in conjunction with the release of Leopard. As a result, Reitzes thinks his fiscal first-quarter revenue estimate of $559 million “could be conservative.”
Article Information
Comment on this Article Print this Article Email this Article Digg This
Contributor
Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 4,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
