Wednesday, January 17, 2007

Apple Reports Record 1Q Profit

Analysts were looking for $6.0 - $6.2 Billion in revenue and the company produced $7.12 Billion.

The results beat the estimates of analysts surveyed by Thomson First Call, who expected Apple to earn 78 cents a share on revenue of $6.42 billion.

iPod sales estimates were 15 million iPods and the number came in at 21 million.

Hold on, Apple stock could see $100 by Friday!