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.
After hours Apple trading lifts Apple stock up to near $150 a share
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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.
For more consideration click:
http://sneakybusiness.typepad.com/sneaky/2007/07/apple-earning-1.html