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Apple’s Earnings Blow Past Estimates
posted in Apple (AAPL) |Q4 Earnings for 2007 could not have been better. Estimates came in at around $0.82 per share. The reported results were at $1.01 per share. The 19 cent difference per share sent shares flying up about $10 per share in after hours.
We couldn’t have expected better from the guys in California. Apple (AAPL) has outdone themselves and shares are gaining steam to the milestone of $200 per share. It’s always hard to recommend buying shares after a large pop in the stock, but the evidence seems to be quite clear that Apple will be quickly moving to that $200 price point.
On a side note, the recent article in the New York Times discussing the interview with Steve Jobs is highly enlightening and should continue to send shares higher. Apple plans to update and produce continually new products over the next 10 years or so, and should have a powerful effect on AAPL.
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