Mac OS Ken: 06.10.2014
Mac OS Ken
Ken Ray
4.7 • 995 Ratings
🗓️ 10 June 2014
⏱️ 18 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | This is |
| 0:19.3 | Mac OSKIN. When 93 is greater than 650, predicting the I-watch future and an app as moral obligation, it's Tuesday, June 10th, 2014. I'm Can Ray and this is news from Maco |
| 0:28.4 | As Can. Brought to you by yours truly and supported by I-Chart magazine putting Apple and |
| 0:34.8 | Tech News in focus E-Y-E-I-Chart magazine available forOS Newsstand now. |
| 0:44.0 | Talk of Apple shares is likely to sound a little weird for a while. |
| 0:48.0 | For example, take the piece from Mac Annan that says Apple's closing price on Monday of $93.70. and then |
| 0:55.0 | that says Apple's closing price on Monday of $93.70 represented a 52 week high. |
| 0:59.0 | Seems like just last week shares with the Cupertino Company were closing well above $600. |
| 1:05.6 | Of course they still are, if you do a little math. |
| 1:09.7 | Apple shares started trading on Monday at a price adjusted for the 7 for 1 stock split that went into effect over the weekend. Multiply Apple's closing price of $93.70 by 7 and one gets a value of $655.90 and there's that 52 week high. |
| 1:29.0 | According to the report, the stock is now just $7.2 per share away from matching its all-time high |
| 1:35.7 | of adjusted $100.72 which it last reached in September of 2012. |
| 1:43.7 | Getting from $94 to $101 certainly sounds a lot easier than getting from $556 to $7005. |
| 1:52.4 | And MacAnan quotes a couple of analysts who think Apple will have no problem doing it. |
| 1:58.0 | Tim Lesko of Granite Investment Advisors says he thinks Apple shares will hit $100 each in the next six to eight weeks. |
| 2:07.0 | In his view, there's a lot to like about what is current in Apple, and they continue to give us great |
| 2:11.3 | signals that there's a lot to like about what's to come. |
| 2:15.0 | Meanwhile, GBA research analyst David Garrity says the iPhone 6 launch is a big retail event |
| 2:21.0 | and splitting the stock obviously makes it more within reach of the retail investor. |
| 2:26.0 | Targeting the retail investor was part of Apple's stated plan for the stock split. |
| 2:32.0 | During the company's second quarter fiscal year 2014 earnings call, |
| 2:36.2 | Apple CEO Tim Cook said the company was doing the 7 for one shuffle |
... |
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