Well, folks, Apple did it all over again. They confounded those alleged Wall Street analysts by beating the street and pretty much disproving any lingering skepticism about their ongoing success. Here’s what I mean: Sales estimates for new Macs were as high as 2.85 million for the last quarter, but Apple sold 3.0.5 million, breaking […]

Just ahead of the news of Apple’s stellar quarterly financials, their stock price increased a trickle, which seems at wide variance with the results. In brief, Apple beat the street, as is typical, with record sales of $7.46 billion for the quarter ending June 28, 2008. Profits came in at $1.07 billion, or $1.19 per […]

By nearly any estimate, Apple is doing extremely well these days. For the fiscal quarter ending June 30th, for example, they beat the street once again, reporting record earnings of $5.41 billion, with a net profit of $818 million or $.92 per diluted share. In contrast, last year’s quarterly results totaled $4.37 billion, with a […]

In the Wall Street universe things don’t always operate in a logical fashion. Take Apple’s latest quarterly report. The company reported record earnings of $430 million, or $.50 per diluted share. Revenue reached $3.68 million, and Apple shipped 1,236,000 Macs and 6,451,000 iPods. Compare this to revenue of $2.35 billion, and $106 billion, or $.13 […]