Shares rise sharply in advance of next week's earnings report and special event
With strong earnings expected to be announced Monday Jan. 25 and a new product scheduled to be unveiled two days later, Apple (AAPL) shares climbed steeply Tuesday morning.
The release of several positive reports on Mac sales for the quarter than ended Dec. 26 probably didn't hurt, either.
The stock closed at $215.04, up 9.11 points (4.42%) for the day, easily outpacing the Dow (up 1.09%). Volume was heavier than usual, thanks in part to the 2.4 million shares that changed hands at 1:44 p.m.
Tune in here for our coverage of Apple's earnings call, which begins Monday at 5 p.m. ET (2 p.m PT) and for the unveiling Wednesday at 1 p.m. ET (10 a.m. PT) of Apple's "latest creation," widely expected to be Steve Jobs' long-awaited tablet computer.
[Follow Philip Elmer-DeWitt on Twitter @philiped]
When the real thing arrives, will it be as good as the YouTube versions?
If reality catches up with rumor, Steve Jobs will give one of the great demos of his life next Wednesday at Apple's (AAPL) invitation-only "latest creation" event in San Francisco.
But you don't have to wait until Jan. 27 to get a taste of what he might be showing.
For months, Apple has been secretly meeting with developers, advertisers MOREPhilip Elmer-DeWitt - Jan 19, 2010 7:23 AM ET
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