Product Sales and Expectations Lift Apple Stock

A nexus of events, iPhone current and projected sales and possible iPod announcements on Wednesday have listed Apple’s stock dramatically, according to MarketWatch on Tuesday. Analysts, including Gene Munster, are also expecting Apple to sell 2 million Macs this quarter. Mr. Munster has set an “outperform” rating for AAPL and a target price of US$211. Read the full article on macobserver.com

(The predicted 2 million Macs sold would equal a minimum of $2,398,000,000 for Apple based on the lowest end iMac, or $1,598,000,000 if they were all Mac minis. Either way, my money will be in there too somewhere.)