“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. 
Chrissy,
That market cap figure is based on AAPL’s closing price. With the after-hours jump, it’s more like 88 billion.
-jcr
I think Apple should buy Steve a shinny new hanger for his jet for all he’s done. (and report it to the SEC)
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You wouldn’t want Steve to fly around in a small single engine plane like John Denver did, would you?
Really, really cool!
I bought AAPL when it was down to $13-$14 and then it went up and split. Now it is up to $100 and it will split again. Basically it is up from $13 to $200. Very good indeed. Market gap is now $82 Billion and that will be something like $200 Billion. So there is still room to buy AAPL.
Apple makes two popular product lines that no other company in the world can produce, Mac and iPod. Soon it will have the third product line that no one else can produce, iPhone. That’s the difference between Apple and everyone else. Apple essentially has a monopoly on cool products.
Okay, not really a technology giant MDN considering most of there profit is from the iPod which was a genious idea by Steve Jobs. when apple rehired him in 1997
@ John C. Randolph
Yeah, I figured that was the case, I didn’t take the time to do the math.
It’s now 8:15 am eastern, and it’s well over 104. =) We might just have a nice little run until the iPhone ships.
-c
Ads? What ads? This place is so loaded I have to come in ad filters on and javascript off. That kontera script is especially slow. And the Submit button is buried under an ad…sheesh!