Resistance was high, but the stock still managed to record a 34-year high
Apple (AAPL) closed at $398.50, up
$5.20 (1.32%) for the day
$83.18 (26.4%) since June 20
$79.94 (23.5%) for the year and
$139.22 (53.7%) year over year.
Barrons' Tiernan Ray notes that the stock hit $400 twice during the day, once shortly before 1:00 p.m. EDT and then again at 2:25.
Judging from the open interest in Apple weekly calls and puts, Max Pain MORE
Philip Elmer-DeWitt - Jul 25, 2011 4:35 PM ETLarry Summers served as Treasury Secretary for Bill Clinton and as economic adviser for President Obama. He offers some light-hearted insight into the many differences in their leadership styles.
Larry Summers (left) interviewed by Walter Isaacscon
FORTUNE -- Larry Summers made waves at Fortune's Brainstorm Tech conference last week with his candid comments about the Winklevoss twins when asked about his scene in the movie The Social Network. The Harvard professor MORE
Jul 25, 2011 12:56 PM ET
The fake retail outlet that launched a thousand news stories is still open for business
Photo: BirdAbroad
There were developments Monday in everybody's favorite story about China's disregard for western intellectual property rights.
China's official investigation of fake Apple (AAPL) stores in Kunming city -- triggered by the discovery by BirdAbroad of a knock-off so convincing that even some of its employees thought they were working for Steve Jobs -- turned up MORE
Philip Elmer-DeWitt - Jul 25, 2011 6:30 AM ET
Fortune's curated selection of the weekend's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you every day.
A glimpse of Facebook's new HQ. Photo: Aaron Sittig via TechCrunch
* Facebook started moving the first bunch of lucky staffers into its new 1-million square-foot Menlo Park campus. Company product architect Aaron Sittig documented the move with some choice snapshots.
* Apartment-swapping startup Airbnb is on a roll: MORE
JP Mangalindan, Writer-Reporter - Jul 25, 2011 3:30 AM ET
"A little company in Cupertino," he says, "showed up with a different strategy"
Source: Paley Center for Media
There is plenty of food for thought -- and plenty to take issue with -- in the breakfast talk Elevation Partners co-founder Roger McNamee gave at the Paley Center for Media late last month. SplatF's Dan Frommer and Business Insider's Pascal-Emmanuel Gobry have already linked to it. Mark Stephens has extracted one I, Cringely MORE
Philip Elmer-DeWitt - Jul 24, 2011 11:22 AM ET
The Rupert Murdoch-owned paper ran a couple of very odd stories this week
Murdoch launched The Daily on Apple's iPad in February. Photo: PED
There's not much doubt, Rupert Murdoch declared on his Fox News cable network last year, that Steve Jobs is the best chief executive in the U.S.
"He's got such incredible focus," he told an interviewer. "He's got such power inspiring the people around him who work for him. MORE
Philip Elmer-DeWitt - Jul 23, 2011 8:50 AM ET
Apple buying Hulu is fun to ponder -- and it wouldn't put a dent in Apple's bank account -- but Hulu's strategy may be too far afield from Apple's.
Image via Wikipedia
FORTUNE -- It seems safe to assume that Apple is kicking Hulu's tires mainly so it can get a look at the books of a company that will likely be purchased by a competitor. Apple (AAPL) will probably not MORE
Dan Mitchell, contributor - Jul 22, 2011 2:37 PM ET
Media companies that define themselves by distribution channel instead of their content won't succeed.
Wenda Harris Millard
FORTUNE -- Old media companies are falling behind because they're failing to adapt their business models to what consumers want. That was the consensus among those gathered for a panel on the future of publishing and broadcasting at Fortune's Brainstorm Tech conference on Thursday.
"There are these large institutions that feel like they have lost MORE
Jessica Shambora, Writer-Reporter - Jul 22, 2011 11:29 AM ET
And other stories we missed while we were busy chasing down Apple analysts
It was an unusually busy week for Apple (AAPL), which released two new computers and a major overhaul of its flagship operating system the day after it reported earning that have more than doubled in a year. We covered the earnings and the subsequent pop in the stock price. Here are some of the stories we missed:
A pride MORE
Philip Elmer-DeWitt - Jul 22, 2011 10:57 AM ET
Fortune's curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you every day.
* Bloomberg reports that Apple is considering a bid to snap up online TV streaming service Hulu -- doing so could cost the tech giant (or any other interested party) more than $2 billion. (Bloomberg)
* In other Apple news, more than one million copies of OS X Lion were MORE
JP Mangalindan, Writer-Reporter - Jul 22, 2011 9:01 AM ETEvery morning, discover the companies, deals and trends in tech that are moving markets and making headlines. SUBSCRIBE
Receive Fortune's newsletter on all the deals that matter, from Wall Street to Sand Hill Road. SUBSCRIBE
Covering the digital giants of Silicon Valley and beyond, an in-depth look at enterprise companies, and the startups disrupting them. Written by Michal Lev-Ram and emailed twice weekly. SUBSCRIBE
Anne Fisher answers career-related questions and offers helpful advice for business professionals. SUBSCRIBE
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.82% |
| Ford Motor Co | 12.28 | -0.46 | -3.60% |
| Frontier Communicati... | 4.24 | -0.23 | -5.26% |
| Juniper Networks Inc... | 21.57 | -0.80 | -3.58% |
| Cisco Systems Inc | 19.58 | -0.25 | -1.26% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,666.89 | -67.74 | -0.53% |
| Nasdaq | 2,813.64 | 8.36 | 0.30% |
| S&P 500 | 1,315.93 | -2.50 | -0.19% |
| Treasuries | 1.92 | -0.01 | -0.73% |
.
