A few months back, when Apple announced it would be moving to Intel chips, there was conjecture that the move could slow Apple's sales until the new machines come out. After all, who wants a computer that's soon going to be obsolete?
But as Computerworld posts in a blog entry tonight, Apple's stock continues to soar. In fact, if you look at the closing price the day Apple announced the switch, $31.75, and compare it with today's closing price, $69.67, Apple's stock has increased 83.7% in 5 and a half months! That's remarkable. And part of a long remarkable run that does not appear to be headed toward an end.
Apple stock is the best investment I have ever made. My first block of stock, purchased in early 2003, has appreciated more than 800%. A second block I bought 4 months later is up 900%. More recent purchases are also well up.
Obviously a lot of that is due to the continued success and ongoing innovations of the iPod. I'm on my 4th, and I know other people who keep upgrading. Between the "impossibly small" nano and the 5th generation iPod (with video), the technology continues to amaze people. It would be interesting to know how Mac sales are doing, especially the Quad I have on order. Most observers say that Power Mac desktops won't make the Intel transition until 2007. There are a lot of pro users who's current machines are long-in-the-tooth. In many cases, they, like myself, won't be waiting that long.
Leave a comment