Apple shares rocket to new all-time high ahead of iPad release "Apple Inc. paced a broad tech advance Friday, with its shares hitting an all-time high, after the company set a release date for its highly anticipated iPad touchscreen tablet computer," Rex Crum reports for MarketWatch.

Crum reports, "Before the market opened, Apple said the iPad will go on sale in the U.S. on April 3, with pre-orders being taken beginning March 12."

"The daily gain was the biggest one-day move since Apple shares gained 4% on Jan. 19, according to FactSet," Crum reports. "With Apple in the lead, tech stocks rose across the board. The gains were helped by positive reaction to the latest jobless-rate report, which said the U.S. unemployment rate in February held steady at 9.7%."

James Rogers reports for TheStreet, "The consumer technology giant said that Wi-Fi models will be available on April 3 and Wi-Fi + 3G will be available later in the month. U.S. consumers will be able to pre-order the devices a week from today, on March 12, or reserve a Wi-Fi model to pick up at an Apple retail store on April 3."

"Apple's shares surged $7.40, or 3.51%, to $218.11 by late morning on Friday, as investors responded to the iPad news," Rogers reports. "The company's stock easily outpaced the broader technology market, as the Nasdaq gained just 1.12% over the same period."

Labels: apple, iPad

  ¶ posted by Jimmie Geddes, Editor @ 3/05/2010 11:30:00 PM