Apple’s Knockout Quarter
Zoinks! Apple turned in stellar quarterly results Wednesday, reporting its second highest revenue and earnings, which is not bad considering it’s the June quarter we’re talking about. The company sold a boat load of iPods (8.1 million), a lot of Macs (1.3 million), and the company’s higher education sales were through the roof (up 31% year over year). There was a bit of angst heading into the quarter over iPod sales, and I think it safe to say that Apple surprised everyone. Certainly extended hours saw Apple trading higher by some 11.5% (at $58.83, up 6.07) when last I checked. Continue Reading →