After hours Apple trading lifts Apple stock up to near $150 a share

Posted Jul 25th 2007 6:25PM by Tobias Buckell
Filed under: Apple Inc (AAPL)

Yesterday saw Apple, Inc. (NASDAQ: AAPL) stock slip as people reacted to the news of lower than expected iPhone activations. Today at 5:00 PM Apple released news that it had a "blow out" quarter with its computer sales, with 1,764,000 Macs sold, a 33% increase from the previous year over year quarter. With revenue of $5.41 billion and $818 million in profit, Apple increased it's quarter's results from the previous comparable year in profit from $472 million.

Although Apple stock rebounded throughout the day, moving up $2.65 to end at $137.54, after hours trading has seen the stock pushing $150 a share, a strong sign that investors were already reacting positively to the quarter's results.

Tags: AAPL, apple, inthenews, iphone, macbooks, macs shipped, MacsShipped

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Reader Comments (Page 1 of 1)

7-25-2007 @ 6:45PM

DayNovo said...

While the results came in at the higher end of expectations, they do reinforce Apple's reliance upon the Jobs machine.
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