“Apple (AAPL) the technology heavyweight, posted smashing revenue of $9.87 billion and a net quarterly profit of $1.67 billion, or $1.82 per diluted share. These results compare to revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share, in the year-ago quarter. Gross margin was 36.6 percent, up from 34.7 percent in the year-ago quarter. International sales accounted for 46 percent of the quarter’s revenue,” ETF Daily News reports.
MacDailyNews Note: ETFs are securities certificates that state legal right of ownership over part of a basket of individual stock certificates.
ETF Daily News continues, “Apple’s continued success will provide a boost to technology ETF’s which have a dominating share in Apple. The ETF’s QQQQ, QLD, IYW, and TYH all carry heavy exposure in Apple which comprise of 14.3%, 9.61%, 9.03%, and 7.91% in their portfolios respectively. Each of the ETF’s offer a different perspective in trading as some provide leveraged and non-leveraged bets on the sector and Apple.”
Full article, which includes a detailed look at the technology ETF’s mentioned and what each one holds, here.
Awesome, Very Awesome!
I love the news, but the trailing stop losses stay put.
You guys should be happy. Apple is raping you and taking your money and selling things at a higher price than should be. Apple loves you.
@John
Your ignorance of all things technological and financial is astonishing. Apple hasn’t raped anyone. Nor has it “taken” anyone’s money. In the free market, goods and services are traded at will . . . unlike what Microshaft does to business in this country and around the world. “PAY UP OR DRY UP!” they shout from the hallowed halls of Redmond. Look up “extortionist” in any illustrated dictionary, and there sit Bill Gates and Steve Ballmer.
Without Apple and its innovation you Winfantrolls would still be hacking away on your 8086’s, drooling over Pamela Anderson’s pictures in your hidden porn stash, and asking your mother for another heaping portion of Road Kill Helper in an unheated basement.
Your are to pitied AND censured. Get back on your meds and darken these corridors with your stupidity no more.
Apple would only be raping us if it were taking our money by force. The fact that we are willing to pay what we do for Apple products means that Apple has a product worth buying… Unlike the other computer manufacturers that have barely any margin at all.
I spent $1100 on my nearly 4 year old iMac and I love it… I don’t feel that I overpaid at all. I have had zero failures, zero frustration, and zero cost to support the machine or software. I willingly upgraded to Leopard (family 5 pack too).
Run along now, the delusions are calling you…
John, such a bad loser my friend, really you shouldn’t cry into your cereal bowl for us.
I’ve never felt that I didn’t get a good deal on any of my Macs or other Apple products. It was money well spent.
As for the other manufacturers not making the same kind of profits, they have Dell to blame. Weren’t they the ones who started that $300 computer stuff? Idiots!
The way I see it is, Apple and micosoft are building OSs for only the powerful and hungry machines. The problem is, 80 percent of the Windows users are forsaking power over price and in essence are stunting the PC’s technological growth.
Apple is cruising through the ressession because it doesn’t sell craptacular computers to the stunningly ignorant, technologically-challenged walmart shopper, thank god.
Like John, they expect everything to be cheap or free because they think a 300-dollar computer should give them five-years of stellar service, in spite of the jelly stains all over the mouse and the orange cheeto crumbs all over the keyboard and greazy prints all over the monitor.
Aaacckkk!
Apple prices people like John right out of the market!
Hoohah!
To John and all the other sad little Winfantrolls, you might like to look at Microsoft’s 80% margin to get some perspective.
Is this how Steven Burke of ChannelWeb figures Apple is going down to Vista 2.0, er Vista 0.9 SP2, er, I mean Win 7. May Apple long keep having such “horrible” record results!
M$? SITAGTMBTTS!
I think you meant SIDAGTMBTTS – Shut It Down and Give the Money Back to the Shareholders.
Funny how the perception of macs as overpriced still persists. Macs are not overpriced; Apple simply does not make cheap crap. And when you consider the productivity savings of not having to constantly keep your antivirus software up to date, your anti-spyware and malware software up to date, the time spend keeping your registry clean and your drive defragged, and the annual reinstall of the OS just to restore performance, Macs are the clear winner. I consider time far more valuable than money, as I can make more money, but I can’t make more time.
@NCiceman
Exactly. I value time more than money. I can’t get back the last ten years of my life so I better make sure I spent it wisely.
I use the Mac as a tool to get jobs done quicker than if I hadn’t had a computer. Never understood people that spend 6 hours trying to get a simple job done and half of that was spent fiddling with the PC to get it working right before they could even start their job.
Would you buy a socket set to work on your car that you had to spend an hour or so getting the sockets to stay on the wrench?
Has the pro-M$ “stock experts” knocked this news yet?
How about that ignorant a$$ clown Kramer?
just my $0.02