Tuesday, April 20, 2010

Is this a great country or what?


Apple today reported a 90% gain in second-quarter profit; net income rose to $3.33/share, from $1.79 a year earlier; sales rose 49% to $13.5 billion, topping expectations of $12 billion; shares rose 6% in after-market trading. Apple's market cap is now only $30 billion shy of Microsoft's.

9 comments:

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  2. stay on topic, and buy some apple stock alstry. you'll be a much happier person.

    as for this being a great country, yes indeed it is. especially with these types of gains.

    i finally played with an ipad this weekend, and this thing REALLY IS AMAZING!!

    Thanks for your continued advice Scott to BUY APPLE!!! (best imve

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  4. do you REALLY think the government bought 9 million iphones? they sold more iphones this quarter than they did the entire 2009 holiday season.

    what a dolt.e

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  6. Scott, did you get the Ipad yet? Review?

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  7. I reviewed it here:

    http://scottgrannis.blogspot.com/2010/04/why-i-still-like-aapl-3.html

    And I still like it very much. I'm still learning how I will use it. I'm still fascinated by how nicely it works. The variety of apps available grows daily, and they are amazing. That is the killer feature of this device: it unleashes the creative powers of millions of developers.

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  9. Scott, the difference in market caps between msft and aapl is $40bn, not $30bn. But it is indeed quite something to see aapl coming ever closer to msft, especially as i thought aapl was about to die in 1997. To be fair tho', don't forget msft's massive dividend payment a few years ago (Bill G gave his $3bn to his charity). How many dividends has aapl paid out over the years? Just asking.

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