Apple Stock on the Move?
I was following twitter this morning and noticed a couple posts from Eric about apples stock prices. In one he mentions an article that was published today that expects apple shares to reach as high as $205 a share. Thats seemed amazingly high to me so I started looking around. As everyone always compares Apple and Microsoft I was curious how the 2 looked on the stock market. A link from another of Eric’s posts led me to Yahoo Finance where I compared the stock prices of the 2 companies. I was surprised to see that there was very little similarities to be had. Microsoft has moved along pretty consistently for the last 4 year, while apple has had an 1800% increase in stock prices. I noticed the date that apple over took microsoft in the price of the stocks being the week of April 28 2003. I couldnt remember what happened that month, so i googled it, and found this Press Release from apple. April 28 was the day they announced the iTunes Store. Who could have know that that little enhancement to their business would put them on the path to the growth they have seen over the last 4 years.
Granted they have done many things in the last 4 years to garner such growth, like updates to product lines and switching to Intel processors. But the one that really set them off was not computer releated at all. Somehow the announcement to remove the word “computer” from the company name doesnt seem so off base anymore.
Anyway, I just wanted to share my little divergence from work. I thought it was neat to see how things have changed.
