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Submitted by Alexandros Roussos on Wed, 2004-10-27 20:39.

For the first time since late 2000, Apple's stock price has reached the price of $50. Today, the company's stock has closed at $50.30.

Since last year, the company's financial results were well beyond every analyst's expectations and most of them remain very optimistic about Apple's future. Most of the gowth is due to iPod sales of course, which now represent 25% of Apple's revenues.

Apple expects even higher revenues and more profits for current quarter while its market capitalisation is still growing and growing. Its value has jumped from $4 billion to nearly $20 billion during the last two years.


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