Apple shares roar past $100 on stellar earnings results

“Shares of Apple Inc. fetched more than $103 each Wednesday evening after the computer technology giant posted an 88% surge in quarterly profit, surpassing Wall Street’s outlook,” Carla Mozee reports for MarketWatch.

“Apple shares jumped $7.92, or 8.3%, to last trade at $103.27. They were the most active during the session, according to Nasdaq,” Mozee reports.

“Apple said its fiscal second-quarter earnings soared 88% to $770 million, or 87 cents a share, on rising sales of iPods as well as the company’s line of Mac computers. The consumer electronics maker’s sales for the period increased more than 20% to $5.26 billion. Analysts were expecting earnings of 64 cents a share on revenue of $5.17 billion for the quarter, according to estimates from Thomson Financial,” Mozee reports.

Full article here.
“Computer technology giant.” And don’t you forget it. grin


  1. Is anyone else as annoyed as I am that the mainstream media keeps referring to iPod sales and not Mac sales? Every headline mentions “iPod sales up 24%” when you would think the 36% increase in Mac sales would be more impressive. Keep in mind I’m talking headlines–the text of the articles inevitably mention Macs in passing, but of course we know where the focus is.

    Why is this, do you think?

    MW: Food, as in food for thought…

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