Thursday, April 26, 2007

AAPL earning exploded.

As predicted by several traders. Apple (AAPL) earnings topped analyst expectations by 23 cents per share.
AAPL second-quarter profit grew 88 percent to 87 cents per share, and revenue increased 21 percent to $5.26 billion, most of this increase were contributed by wonderful sales of iPod media players and macintosh.

Analysts polled by Thomson Financial expected 64 cents per share in profit and $5.17 billion in sales.

Analyst from Bear Stearns said "We see the Apple story shifting from a dependence on one 'hit' product with little sense of what could follow and when, to a broader array of products with multiple drivers and a sense of what is down the road".

AAPL shares look set to follow the Dow to set foot into all-time high, in after hours AAPL rose to around $104, from yesterday closing price 95.35.

However AAPL started to going down slowly in the trading hours. From its day high at 102.50 to 100.00.

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