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Tuesday, January 24, 2012

Apple Shares Soar

APPLE POLISHING: Apple revenues came in at $46.3 billion for its fiscal Q1 (comprising the last three months of 2011), up 73.3% vs. same period last year, and well ahead of analyst predictions. Shares are trading +7% after hours following the report. The company had $13.1B in net income, up 117.6%. The results at $13.87 a share were well ahead of the $10.08 consensus guess. Apple says that it sold 37 million iPhones in 1Q, a 128% increase, and 15.4 million iPads, up 111%. Mac sales increased 26% to 5.2 million, a record. Only iPods were down, 21% to 15.4 million. Said CEO Tim Cook, Steve Jobs' successor: “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline. Take that, RIM!” (1/24p)

 
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