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An Apple Recap

March 16, 2012

Stock of the Day

Welcome to our Friday, Apple Inc. (AAPL) recap.

I’ve been in overdrive trying to keep up with all the Apple developments this week that I thought it best to put everything in one place with a quick summary that will get you up to speed in no time.

Monday: AAPL stock hits a new high of $552. This is significant because it represents a 50% gain since the death of Steve Jobs—putting to rest the fears that the company would fall flat soon after the passing of its leader.

Tuesday: Apple announced that they were out of inventory for preorders of the new iPad. It took less than a week for Apple to use up its entire inventory and anyone else who wanted one was going to have to wait in line outside of the store—see picture below.

Wednesday: The competition is getting desperate because Apple is gaining tablet market share in every corner of the world. On Wednesday, Samsung Electronics lost their case in a Dutch court that would ban sales of the iPad and iPhone in the Netherlands.

Thursday: AAPL stock crested over $600, sending the markets into a tizzy. The tock has pulled back a bit off that high, but has still been on a spectacular run in 2012.

Friday: The new iPad finally hit stores and the response was nothing short of incredible. As expected, thousands of people lined up to get their device. This picture from London (courtesy of REUTERS/Toby Melville) was one of my favorites:

I’ll continue to keep up with Apple’s significant news announcements in the days, weeks and months to come. Until then, a great way to keep your own tabs on Apple’s prospects is by checking it regularly through my PortfolioGrader tool.

 

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