Apple stock price up, quote is 52 week high

Apple stock price actually set a new high this morning after the record fourth quarter earnings. Today the new high of the Apple stock quote is 52 weeks high. Yesterday the company reported a record 47% jump in quarterly profits.

Better than expected sales of iPhones, iPods and Mac computers very positively contributed to Apple's earnings and the surge of the company stock price. This shows that customers worldwide do value Apple's products. The buzz that iPhones, iPods and iMacs have created online are unprecedented.

Yesterday Apple stock price closed at $189.86. This morning the AAPL symbol quote at the market open was $200.47 dollars. Until about 10:18 EST the price gradually fell as many investors probably took profits. The stock price saw the lowest point this morning at 198.52. Then it gradually started coming up again 200.37 at 11:06.

The highest point of Apple Stock price this morning was 201.50 at 9:36.

From related tech companies only Hewlett-Packard (Symbol HPQ) is in the green territory trading at 4870. The rest of the companies including Microsoft, Google, Dell, Adobe Systems and Palm are all in red zone.

Marketwatch is asking if the Apple stock price is getting ahead of itself this morning. It suggests that while a young company Apple has done a great job in its sales and innovation performance. Yet, investors should be very careful as "many competitors, including deep-pocketed Google Inc." may get ahead and catch up.

Written by Armen Hareyan