Apple shares soar in premarket trading after another record quarter

Apple Online Store“Shares of Apple Inc. jumped in premarket trading Wednesday after another quarter of stellar results fueled by record iPhone sales,” The Associated Press reports.

“The stock was up [$15.28, or 6.25%, to $259.87] ahead of the regular session,” AP reports. “Apple shares have more than doubled in price over the past year, with the company’s slick phones and computers luring plenty of buyers despite the recession.”

‘Someone forgot to tell Apple customers Christmas isn’t in March,’ Kaufman Bros. analyst Shaw Wu said in a note to investors Wednesday, reiterating a ‘Buy’ rating on Apple’s stock,” AP reports.

Full article here.

MacDailyNews Note: Apple yesterday posted revenue of $13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share. These results compare to revenue of $9.08 billion and net quarterly profit of $1.62 billion, or $1.79 per diluted share, in the year-ago quarter. Apple sold 2.94 million Macintosh computers during the quarter, representing a 33 percent unit increase over the year-ago quarter. The Company sold 8.75 million iPhones in the quarter, representing 131 percent unit growth over the year-ago quarter. Apple sold 10.89 million iPods during the quarter, representing a one percent unit decline from the year-ago quarter. It was Apple’s best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent.

14 Comments

  1. I purchased AAPL right after they announced the iPad. I am selling a couple of shares today to pay for my brand new 32 gig iPad which I am getting for “free” based upon the profit from AAPL. Thanks Apple, two times over.

  2. @currentinterest

    Fact is that most people don’t hear about this kind of news. The vast majority don’t read rumor sites or even NY Times articles about this (if they did, do you think anyone would still be buying Pres?).

    Yes, those of us who follow these things will wait, but really, those of us who follow these things know that Apple comes out with a new iPhone every year in June/July and wouldn’t have bought one anyway in this quarter. So I think those who were going to buy one still will and then they’ll get all upset in June when the new one comes out. It’s just the nature of the beast…

  3. @currentintwrest:

    That thing is in a development enclosure. That’s not the real iPhone. Those massive circular volume controls are so the fake 3G case can still activate them.

    It’s got all the hardware I’m sure, but John Ive is still measuring the radius of water drops in an effort to finish the final enclosure.

    The screen appears to be sitting on top of the device. And square edges? No way. The edges of the screen would never be exposed like that.

  4. @currentinterest, “What are the iPhone sales going to be this quarter now that everyone has seen the new phone? Would you buy a 3G S now?”

    Not everyone clings with bated breath onto what’s going on with Apple. Example: one of my Windows friends spent $7900 on two MacPro laptops five weeks prior to the new ones being released. I would have advised him to wait but he didn’t ask for help. I had been pressing him to go Mac for years. He’s a bit upset, but resigned.

  5. Finally! Wall Street is told that the iPod had “a one percent unit decline from the year-ago quarter” and they didn’t tank the stock.

    Are the talking heads finally growing up and able to see some of what Apple is and will be.

  6. Did you all notice that there was NOT ONE QUESTION about Apple’s BILLION DOLLAR SERVER FARM that I believe is at least partly up and running now?

    If your local utility company built a nuclear power plant, you have to believe that someone would ask about it. Idiots!

  7. I’m just wondering when is this going to start showing up on Microsoft’s share price. I keep thinking somebody has to loose when the rug is slowly pulled away from underneath. Maybe it just takes time to sink in and then BOOOM! MS looses 20 billion in one day, and next day?

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