Toronto Star All Business - Mar 06, 2010Apple Inc (AAPL)
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Shannon Cross
at
Cross ResearchThe news sent shares of
Apple surging as much as 3.9 per cent to touch a record high of $219.85 (U. S.) on the Nasdaq stock exchange, as analysts said the announcement eased the concerns of some investors that a manufacturing bottleneck could delay launch. The 9.7 inch touch screen iPad, which is designed to surf the web, play video and games, and read digital books, is the most anticipated product launch from
Apple since the iPhone in 2007. Chief executive Steve Jobs unveiled the tablet in late January, but the company did not announce any international markets until Friday, when it said the tablet will go on sale in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the U. K in late April. ``I think it eases concerns that were circulating about supply.
There's always so much speculation around a launch and this alleviates those fears,'' said Cross Research analyst Shannon Cross, adding that the breadth of the international launch should reassure investors.
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The news sent shares of <span class="company">Apple</span> surging as much as 3.9 per cent to touch a record high of $219.85 (U. S.) on the Nasdaq stock exchange, as analysts said the announcement eased the concerns of some investors that a manufacturing bottleneck could delay launch. The 9.7 inch touch screen iPad, which is designed to surf the web, play video and games, and read digital books, is the most anticipated product launch from <span class="company">Apple</span> since the iPhone in 2007. Chief executive Steve Jobs unveiled the tablet in late January, but the company did not announce any international markets until Friday, when it said the tablet will go on sale in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the U. K in late April. ``I think it eases concerns that were circulating about supply.<span class="sent"> There's always so much speculation around a launch and this alleviates those fears,'' said Cross Research analyst <span class="analyst">Shannon Cross</span>, adding that the breadth of the international launch should reassure investors.</span>
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