‘Cyber Monday’ iPod sales boost Apple
Posted by Dennis Sellers 
Nov 27, 2007 at 9:32am
Shares of Apple rose Tuesday morning after an analyst noted online demand for iPods outstripped supply during the “Cyber Monday” shopping spree, reports CNN Money. Shares gained US$1.89 to $174.43 after the opening bell.
Morgan Keegan & Co. analyst Tavis C. McCourt kept his “Market Perform” or “Hold” rating on Apple. After the Cyber Monday and Black Friday rush, the 8GB and 16GB versions of the iPod touch are on backorder at some of the Internet’s leading retailers, and the 80GB iPod classic is on backorder at least at one, he said.
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 10,000 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.
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