Apple stock higher amid rumors of a new product

Filed under: Apple Inc (AAPL)

On the final trading session before Christmas, Apple, Inc. (AAPL) shares hit an all-time high thanks to a published report hinting that another product announcement may be rolling in. On December 23, the Financial Times reported on its Tech Blog that Apple "has something big up its sleeve for next month." The main reason for this speculation is that the tech company has booked a stage at the Yerba Buena Center for the Arts (YBCA) in San Francisco for "several days in late January." Apple has used this venue to make major announcements in the past, and the speculation is that Apple is going to make a major product announcement at the end of January. The blog quoted Piper Jaffray analyst Gene Munster as saying, "We believe there is a 75 per cent likelihood that Apple will have an event in January and a 50 per cent chance that it will be held to launch the Apple Tablet."

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Apple stock higher amid rumors of a new product originally appeared on BloggingStocks on Mon, 28 Dec 2009 16:30:00 EST. Please see our terms for use of feeds.

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