November 21, 2006 6:03 PM PST
Apple shares close at all-time high
Apple Computer shares reached an all-time high Tuesday, rising $2.13, or 2 percent, to close at $88.60.
Investors seemed to be responding to analyst predictions that 14 million iPods will be sold in the current fiscal quarter. They could also be anticipating the announcement of the oft-rumored Apple cell phone, nicknamed the "iPhone" and lately the subject of much speculation by bloggers, analysts, and more recently, gamblers.
But Shaw Wu of American Technology research said Monday that the "iPhone" is in the development phase and it's not clear when it would be released or even announced, according to MarketWatch.
Erica Ogg is a CNET News reporter who covers Apple, HP, Dell, and other PC makers, as well as the consumer electronics industry. She's also one of the hosts of CNET News' Daily Podcast. In her non-work life, she's a history geek, a loyal Dodgers fan, and a mac-and-cheese connoisseur. E-mail Erica.
