Jim Cramer Blog

Shares of Apple Computer Inc. rose to a record after analysts said faster Macintosh computers and low- priced iPod players will spur holiday sales, and that a new music phone may buoy revenue next year. Mac and iPod shipments may reach record highs this quarter, said UBS AG analyst Benjamin Reitzes, who today raised his profit estimate for the period to 80 cents a share from 78 cents. Analysts on average expect 77 cents. He foresees Mac sales of 1.8 million units and iPod sales of 16.6 million. ``The phone market is just a whole new market for them, and the potential number of units could dwarf what the iPod alone could do,'' said in Minneapolis-based Munster, who has rated Apple's shares ``outperform'' since June 2004. The shares, which have gained 25 percent this year, climbed $2.27 to $91.81 at 4 p.m. New York time in Nasdaq Stock Market composite trading. The previous record high of $91.63 was set Nov. 24. This stock is a buy with great sales expectations leading all the way until Christmas. This is a great chance to make some "Mad Money".
Source: Bloomberg.com

Labels: AAPL, Apple Computer Inc., Apple. iPod, iPhone, Mad Money