Apple's stock reached a new 52-week high on Friday, closing at $37.14.
The previous one-year high for the stock was $36.35.
Analysts covering the company currently rate Apple's stock as a 'Hold' or above.
The rise marks continued demand for Apple's music products, the launch of the new iMac G5, and continued demand for notebooks and Power Mac products.
Analysts at Piper Jaffray welcomed the iMac, anticipating it would create greater-than-expected demand. This firm also expects Apple's Music Store to drive Apple's shares in 2005 and 2006. It said investors are "underestimating" the impact on Apple's business.