Apple's $410m profit beats estimates

Who would have guessed? :-D

BOW DOWN to the King Jobs. To all you analysts that thought otherwise.... UP YOURS!

i think this is the first time in my memory that apple stock has gone up after positive quarterly news. what the hizzy?

I used to say, "Apple could develope cold fusion and their stock would still go down."

The stock is down for the day - all is well in the universe.

No, it happened last year as well. :-)

Here's the way this plays out - Apple exceeds estimates by a healthy amount, and the stock will drop, because they haven't met the overhyped projections of the analysts - even though they beat net profit estimates, even though they cleared 1 BILLION dollar in profits in the first half of this year, and even though they doubled nearly everything from a year ago.

This is what ALWAYS happens after every earnings call when Apple exceeds estimates - it's almost a comedy.

Stay the course. I'd buy more stock over the next few days, to take advantage of the lower prices.

all our base are belong to you

or its because the anaylysts don't like the forecasts (don't know how to tell you all, but the buy/sell after earnings announcement is about the next quarter's earnings, not what just happened). Like the drop of 30% in retail store sales. Or apple complaining about not selling as much (like they did after last quarters results, which is what tanked the stock).

I could see 100 dollar a share AAPL. It just would take some serious grunting and heaving and huffing on the part of the "gears" at apple. The gears are what turn the company's wheels. People who directly contribute to the innovation. I think a lot of what this new era will see is timing things just right, as to not get into a new product line ahead fo everyone, but not TOO far ahead, as that has been proven to be a falling point for apple (wireless networking in 1998, never fully acknowledge for being the first serious player on the scene). But hey, they've managed 30 years with all kinds of ups and downs, so i would expect this trend of going up up up to slow a bit, then take off when the timing is right. By 2010 i see 25% apple marketshare. These wall street folks are focused (when the stock tanks) on the short term. Very few see the true "potential" apple has as a cultural driving force, as well as one in industry. I see AAPL as a "hold" for those short on cash, and a "buy" at any price.

- Andy