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AAPL Stock: 101.32 ( + 0.74 )

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Apple stock surges past $400 in after-hours trading

updated 05:10 pm EDT, Tue July 19, 2011

Company reports yet another best quarter

Apple stock has surged past $400 per share in after-hours trading, gaining over six percent in additional value after the company announced yet another "best quarter ever" shortly after the markets closed for the day. Shares had already gained $3 to reach $376 earlier in the day, following a number of positive analyst forecasts ahead of the company's quarterly financial disclosures.

The company posted revenue of $28.57 billion for the quarter ending June 25, with net profits of $7.31 billion. iPhone sales topped 20.34 million units, while iPad numbers reached 9.25 million and Mac shipments increased to 3.95 million units.

"We're thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent," said Apple CEO Steve Jobs.

Even with analyst estimates falling short of Apple's actual performance, the company's stock price reached a new high this week. Shares have continued a steep climb through the year, from a 52-week low of $235/share.




by MacNN Staff

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Comments

  1. macnnoel

    Joined: Dec 1969

    -2

    here's to

    forget about buying an Apple stock in this lifetime. ;-)

  1. Wingsy

    Joined: Dec 1969

    0

    Climb, "through the year"???

    "Shares have continued a steep climb through the year, from a 52-week low of $235/share."

    Don't know where you got that from, since on Jan 5 it was $334 and on June 29th it was $334. Yeah, from August to December it had a steady climb but "through the year" it was not.

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