Apple share prices soared after news over holiday sales forecast and Apple tablet came out

On December 28, 2009, prices of Apple shares observed its sixth straight rise on the Nasdaq. Prices rose by 1.2% to $2.57 over speculations of its new tablet, the iSlate or iTablet, and holiday sales forecast. According to Flurry Inc., a research firm that specializes in mobile applications, downloads of apps from the Apple app store increased by 51% in December compared to previous month. On the other hand, Android applications download increased to 22% in December. Application download on Apple iPod touch increased to more than 1000% on Christmas days. Business Week reports:

“Apple remains the best technology company on the planet,” Brian Marshall, an analyst at Broadpoint AmTech Inc. in San Francisco, said yesterday in a report. Marshall, who recommends buying Apple stock, expects the shares to reach $260 within the next year. “Its business model is becoming stronger over time.”

Cupertino, California based Apple is the producer of popular gadgets like iPod, iPhone, iPod Touch, MacBook laptops etc. The company also owns the Apple App Store, which is the most successful app store at present. The store currently offers 100,000 applications. Next year, Apple is scheduled to launch its new gadget, the Apple iSlate tablet.