Last quarter brought "highest revenue in Apple's history"

January 22, 2008

Charles Jade of Ars Technica writes:

"Apple could use some good news. Despite the wishful thinking of six-figure analysts and over-excited fanbois, AAPL has fallen like a Cube in the last four weeks. After reaching an all-time high of $202.96 on December 27, 2007, AAPL closed at $160 today. The fault lay not with any new products (or lack thereof) at Macworld '08, but rather with the steadily worsening economy. That's why today's earnings report was so important, and Steve Jobs was thrilled."

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Adamalicious4282d ago

Unfortunately Wall Street wanted $1.80 a share and they only delivered $1.76 - 34 cents better than what Apple expected, but not good enough for the Street. Bummer for shareholders.

Kaneda4282d ago

"Apple’s quarterly earnings beat the estimates of Wall Street analysts. According to Thomson Financial, analysts expected Apple to earn $1.62 a share on sales of $9.47 billion."

"For the quarter ended December 31, Apple reported a profit of $1.76 a share on revenue of $9.6 billion. Earnings per share rose 54 percent over the year-ago quarter, while revenue rose 35 percent."

Where did you get 1.80?

Suki034282d ago

The market overall did bad today, too. Sadly, many people lost faith in the economy and the political system.

Armyless4281d ago (Edited 4281d ago )