AAPL: Apple Is Rising

The second quarter earnings results have just been released from Apple (NASDAQ AAPL) after the bell rang on Wednesday. A net income of $5.987 billion was reported by the company or $6.40 per share. Compare this to $3.074 billion or $3.33 per share in the period a year ago and you’ll see Apple is rising. Many stockholders are happy about this information.

AAPLDuring the quarter the company sold 3.76 million Macs. This was a 28% increase year over year. There were 18.65 million iPhones in Q2 sold and this is an increase of 113%. iPod sales did decline by 17% but AAPL sold 4.69 million iPads in Q2.

If you want to look ahead to the fiscal Q3 you will see that Apple sees earnings per share of $5.03 on revenue of around $23 billion. AAPL is notorious for under promising and over delivering. In the after hours trading session AAPL gained 4.17% to $356.70. I am sure all involved are very excited about these findings.

Speak Your Mind