Tuesday, January 18, 2011

Apple Inc (AAPL) up $ 10.00 in after hours trading...

Apple Inc. (AAPL) which posted a 78 percent jump in quarterly profit, helped by holiday buying of iPads, iPhones and Macintosh computers was trading up $ 10.00 in after hours trading.  Net income in the fiscal first quarter rose to $6 billion, or $6.43 a share, from $3.38 billion, or $3.67, a year earlier, Apple said today in a statement.  Analysts projected profit of a profit of $5.41 a share.  Sales increased 71 percent to a record $26.7 billion in the quarter, typically Apple’s strongest, after the company reported it sold 7.33 million iPad tablet computers in the first holiday season for the device.


IPhones, IPads

Apple sold 16.2 million iPhones, 4.13 million Mac computers and 19.5 million iPod media players, according to the statement. Mike Abramsky, an analyst at RBC Capital Markets LLC, predicted sales of 16 million iPhones, 6 million iPads, 18.7 million iPods and 4.2 million Macs.  If that wasn;t bullish enough Apple’s, potential U.S. customer base for the iPhone will almost double now after it adds Verizon Wireless as a carrier next month.

Macbooks, Beatles

Gross margin, the percentage of sales left after deducting production costs, was 38.5 percent in the first-quarter, compared with 36.9 percent in the fourth-quarter.

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