Apple's shares hit a record high today, climbing $1.80 to $200.60 before retreating to close at $198.95. Strong sales of the Macintosh computer, iPod, and iPhone fueled the rally, reports Bloomberg, and Apple says sales this holiday season will be the highest in its 31-year history. The company's stock price has more than doubled in 12 months, meaning Apple now has a higher market value than Dell, IBM, and Intel.
Analysts estimate that the company's revenues may soar 32% to $9.37 billion this quarter. Apple introduced faster Macs, new versions of the iPod, and the super-hyped iPhone this year. "We see Apple's story becoming stronger and evolving from a company dependent on one hit product to one with multiple growth engines,'' says one Bear Stearns analyst.