Apple Inc. (NASDAQ: AAPL), the Cupertino, California-based technology giant, announced the new iPod touch® on Wednesday. The new iPod touch includes Apple’s Retina™ display, FaceTime® video calling, and HD video recording among other features.
Commenting on the new iPod touch, Apple CEO Steve Jobs said that the company put its most advanced technology inside the new iPod touch.
The iPod touch will be available from next week for a price of $229 for 8GB model, $299 for 32GB model and $399 for 64GB model.
With the launch of the new iPod touch, Apple continues on its strategy of coming out with innovative products at regular intervals. This year itself, the company launched the iPad,a tablet PC, in April and the iPhone 4 in June. All these launches mean that Apple continues to post strong financial results.
Apple announced its third-quarter financial results in July. The company posted record revenue of $15.7 billion for the third quarter of fiscal year 2010. The record revenue can be primarily attributed to Apple’s ability to come out with innovative products. For the third quarter of fiscal year 2010, Apple net profit was $3.25 billion, or $3.51 per diluted share.
Each of Apple’s products performed well in the third quarter of fiscal year 2010. The company sold 3.47 million Macs in the third quarter, setting a new quarterly record in Mac sales. The company sold 8.4 million iPhones and 9.41 million iPods in the quarter. The iPhone sales grew 61% on a year-over-year, showing the smartphones increasing popularity. Apple also launched the iPad in the third quarter of fiscal year 2010. The company sold 3.27 million iPads in the third quarter.
Looking ahead, Apple is likely to report strong fourth-quarter financial results. Peter Oppenheimer, Apple’s CFO expects fourth-quarter revenue to reach $18 billion.
The strong performance by Apple Inc. is showing in the way the company’s stock performed this year. Year-to-date, the Apple Inc. stock is up 19.2%, outperforming the technology sector. Since the launch of the iPad in April, the stock is up almost 7%.
The Apple Inc. stock has a 52-week range of $164.11-$279.01. It is currently trading below its 50-day and above its 200-day moving average. The stock has a support level at $242.07 and a resistance level at $252.43.
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