MacDailyNews Take: Mmm, caustic soda.
Black continues, “Earnings per share for all Standard & Poor’s 500 Index companies are expected to have risen about 20 percent to $22.05 for the three months ended Dec. 31, according to analysts’ estimates compiled by Bloomberg. Profits excluding the financial industry may have climbed 12 percent, forecasts indicate.”
“Technology and industrial companies paved the way for what may have been the strongest year for U.S. profits since 2007 and the best fourth quarter since Bloomberg began keeping the data in 1992,” Black reports. “Apple’s net income in its fiscal first quarter ended in December rose 47 percent to $4.97 billion, or $5.34 a share, according to the average of estimates. Sales for iPhones, iPads and Mac computers improved during the holiday season, said Michael Yoshikami, chief investment strategist at Walnut Creek, California-based YCMNet, which owns Apple shares.”
Full article here.
Now let’s hire a few million people. On this side of the ocean, preferably.
“That’s great bass!”
Humm Buy! AAPL shares as it will go Up higher still again because of record profits, high demand products, global expansion, Zero debt, great management and lastly it has $55 Billion dollars!
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2011 = $422 period is a no brainer MacHeads!
$86 Billion Revenue by Oct 2011 4QFY11
Split before $500/share?????
!!! Go Apple !!!
Corporations love bad economic times. Costs a LOT less to hire people.
Yay! Corporations are making billions of dollars and not hiring anyone! Hooray for the USA!
Seriously, what does this tell us, other than that corporations don’t need to hire us any more? We are well and truly f@#�.
——RM
Whew, I was really worried for these poor multi billion dollar corporations!.
Now I can stop worrying and just let the trickle down bucks flow to me!.
Howza!
Caustic soda? Isn’t that what Microsoft produces?
Caustic soda. Boring, but essential to things you use every day.
Probably even Apple products.
I don’t understand how they could be doing so well with all these job-killing liberal running things. Everyone know that Nancy Pelosi single-handedly destroys business by eating gold and shitting out more poor people.
Hm.
The government should impose a high tax rate on those companies that outsourced their operations to other countries. Meanwhile, workers who are out of work should accept a lower salary rate and be willing to be retrained to take up the incoming jobs. US companies should open factories locally and those who still wants to outsourced their jobs overseas will be hit with a triple levy. Also US citizens should be less wasteful and cut down on their gluttony for everything. The US should be willing to suffer for their short-sightedness in the short term and not try to manipulate their monetary system to gain short-term advantages
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