On the day of Christmas, stock price of Apple Inc rose by $6.94 (3.4%) to reach a market cap of $188 billion. Apple’s stock price now stands at $209.04. The rise in the stock price is primarily due to the expected release of Apple’s new tablet computer, iPad in the next month.
According to The San Francisco Chronicle, iPad is likely be similar to an iPod Touch but with a 10-inch screen. It will run a version of the iPhone OS software created to handle larger applications.
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