Apple Wows Wall Street in 'Monster' Record Earnings Report

[Michael Essany]

After the close of trading Tuesday on Wall Street, Apple announced the best quarterly earnings in the company's storied history. Blowing past (with hurricane-like wind speeds) Wall Street expectations, Apple said its earnings rose more than 117% to $13.06 billion last quarter, which shakes out to about $13.87 per diluted share.

For the quarter, Apple's revenue was a new quarterly best at $46.33 billion. Earnings had been forecast to climb by 57% to $10.08 a share with revenue expected to climb 45% to $38.85 billion.

Apple sold 37 million iPhones, 15.4 million iPads and 5.2 million Macs during the quarter. Each stat set a new record for Apple and far surpassed analysts' expectations.

“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Apple CEO Tim Cook. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

This had been Cook's first full quarter as CEO following the passing of Steve Jobs last October.

Although shares of AAPL were halted prior to the announcement of earnings, after-hours trading has since resumed with APPL similarly making history, trading a record high $450 a share.

Source: Apple

[Eagleye]

Wow. Just wow.

[PolishHacker]

Suck On That You Android Fan Boys!!! APPLE FTW

Suck On That You Android Fan Boys

Apple FTW

[Norb]

Suck On That You Android Fan Boys!!! APPLE FTW

Suck On That You Android Fan Boys

Apple FTW

I actually really like Apple products but you're kind of ridiculous...

[BenderRodriguez]

Okay so Apple pass some of that money onto your customers... Which will never happen, dangit!!!

[Zokunei]

Why do people always feel entitled to wealth from the rich?

[tbare83]

Why do people always feel entitled to wealth from the rich?

True story... Although a slightly less expensive MacBook would be nice...

[mortopher]

Suck On That You Android Fan Boys!!! APPLE FTW

Suck On That You Android Fan Boys

Apple FTW

Right, because google is basically broke...

[BenderRodriguez]

True story... Although a slightly less expensive MacBook would be nice...

Exactly what I was trying to say

[iLoveWindows&iPhone]

Why do people always feel entitled to wealth from the rich?

Uhh I don't think most feel "entitled" to it, they just want it.... Duh.

[Cer0]

Why do people always feel entitled to wealth from the rich?

I mentioned Apple's profit earnings for the last quarter to some co-workers and they said the same thing. "Why don't they share" Because most people don't go into business to share what they make. Most go into it to make money and it shows that Apple knows just how to do that efficiently.

[Zokunei]

Uhh I don't think most feel "entitled" to it, they just want it.... Duh.

Well a lot of people say, "Why don't they share? No one should be allowed to have that much money." While I agree that it's not right to keep that much money when all you can do is leave it to the company when you die and you could be helping people that are in desperate need (and are unable to fulfill that need), I don't think they should be forced to have their money taken away.

[GooseG]

Why do people always feel entitled to wealth from the rich?

Because Obama has turned this country into lazy socialist scum.

[Zokunei]

Because Obama has turned this country into lazy socialist scum.

It wasn't just Obama.

[GooseG]

It wasn't just Obama.

Haha. So true.