Apple Stock Price Reaches Record of $211.61 on Nasdaq
Apple Inc., maker of the iPhone and Macintosh computer, climbed to a record $211.61 on the Nasdaq Stock Market today, following a report that sales of its devices may have surged over the Christmas holiday.
Apple rose $2.57, or 1.2 percent, marking the sixth straight day of increases. The shares have more than doubled this year, compared with a 61 percent rise for the S&P 500 information-technology index.
Software downloads for Apple’s devices grew 51 percent in December from the previous month, according to research firm Flurry Inc. That signals that sales of the iPhone and iPod Touch jumped during the holiday season. The iPhone has less than 1 percent of the total global market, giving it plenty of room to grow, said Brian Marshall, an analyst at Broadpoint AmTech Inc. in San Francisco.
