“Tech giant Apple reported after Tuesday’s close that it posted third-quarter revenue that was far above expectations, helped by blockbuster sales of its iPhone and its Asian business,” Ryan Vlastelica reports for Reuters. “The stock gained 5.9 percent to $398.98 in premarket trading.”
Advertisement: OS X Lion. The world’s most advanced desktop OS advances even further. Just $29.99 at Mac App Store.
Vlastelica reports, “S&P 500 futures rose 7.4 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 62 points and Nasdaq 100 futures rose 21.5 points.”
Read more in the full article here.
To the moon Apple!
And 22 years ago today, man first walked on the moon..
Coincidence?!
.:.
Are you joking? Try 42 years. What’s your joke I’m missing about 1989?
Whoopsie, joke’s on me.. You are correct sir, 1969 was the year. Morning coffee had not fired up all synapses yet. : (
Wasn’t that “Tennis U” dude spouting that AAPL would hit $411 this year? He may very well be the Oracle of Cupertino.
Look at the market now! Amazing. Apple has done something right for sure. Alot of happy people out today I would expect; I for one.
Where are all the people crying and whining that Apple ALWAYS drops after good earnings?
Because it’s a myth and has been for a long time.
instead of whining about other Apple investors, check out reality.
Apple broke thru $400 yesterday and is now trading in the $387 ball park.
Those are just the facts. You can characterize it however you like or invest based upon what you know about AAPL.
Screw that flirting crap. Apple shares are fading fast. Actually running away from $400 back to $390. All that pre-earnings hype doesn’t do Apple stock a bit of good. All the analysts are hugely upgrading Apple at the moment and still the stock is fading.
After announcing those sort of earnings, Apple shareholders got less than a 4% pop while Google shareholders got a 13% pop for less dollar value. Who the hell are these analysts trying to kid?
Here comes the massive sell-off for the people trying to make a quick buck.