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Apple Touches $200 in NASDAQ Trading

Date: 12/29/2007 10:56:10 PM

Cupertino, Californiabased consumer electronics giant, Apple Inc., opened above $200 on the NASDAQ for the first time ever yesterday, after a year of unprecedented global success.

Apple’s stock has more than doubled in value over the course of 2007, gaining 62.3% since launching its longanticipated iPhone device in the U.S. market on June 29. The company finished yesterday at $199.83, up $1.26 from Thursday’s close.

Apple’s flirtations with $200 are of little surprise to Wall Street analysts, most of whom have price targets of more than $200 for Apple. Piper Jaffray analyst, Gene Munster, currently has the highest target for Apple at $250, while Stanford C. Bernstein & Co. analyst, Toni Sacconaghi has the lowest at $175.

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