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Apple continues to put up impressive numbers

Over the past few months, Apple's stock value has been on a wild rollercoaster ride. AAPL crossed the $500/share threshold in early February, and passed by $600/share in March. The stock peaked at $644/share earlier this month, but has since plummeted back down to around $560/share (at market close today).
 
During Q1, Apple released its third generation iPad, which once again proved to be a sales blockbuster, breaking previous records set by the iPad 2. The company also released a revamped Apple TV during the quarter, but Apple’s “hobby” doesn’t exactly set enthusiasts’ hearts ablaze.
 
With that in mind, Apple today released its fiscal Q2 earnings report. The company reported revenue of $39.2 billion versus Wall Street estimates of $36.81 billion. Net profit rang in at $11.6 billion while earnings per share (EPS) came in at $12.10 versus a consensus of $10.04.
 
When it comes to device sales, the Cupertino, California-based company saw iPhone sales of 35.1 million (88 percent year-over year growth) -- during Q1, AT&T and Verizon alone activated 4.3 million and 3.2 million iPhones respectively. When it comes to the iPad, Apple recorded the sale of 11.8 million units.

 

 
Apple’s Mac business saw a seven percent year-over-year increase to 4 million units. On the other hand, Apple’s once red hot iPod business saw a 15 percent year-over-year decline to 7.7 million units.
 
“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Apple CEO Tim Cook. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”
 
AAPL is up over 6 percent in after hours trading to $598.


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Not according to Apple Authority Jason Mick
By mondo1234 on 4/24/2012 4:56:59 PM , Rating: 5
Sorry, I was just reading this from earlier today....

http://www.dailytech.com/Article.aspx?newsid=24535...

He says "It's Sophomore Slumpsville for iPhone 4S's Second Quarter"




RE: Not according to Apple Authority Jason Mick
By Tony Swash on 4/24/12, Rating: -1
RE: Not according to Apple Authority Jason Mick
By Tony Swash on 4/24/12, Rating: -1
RE: Not according to Apple Authority Jason Mick
By Tony Swash on 4/24/12, Rating: -1
By corduroygt on 4/24/2012 6:10:58 PM , Rating: 2
Apple has to thank HP for getting me to buy an iPad. I had the $100 Touchpad and saw that it was pretty good, but didnt have any apps. I eventually wanted a real tablet with apps, so I gave my HP touchpad to a family member and got me the new iPad.


By BSMonitor on 4/24/2012 10:06:59 PM , Rating: 4
Jason Mick is an uneducated broke computer keep with butt loads of AMD stock that he bought at $40/share.

He bases nothing he writes on fact, only his leaps of personal opinion.


"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard














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