When your talking about Apple your taking about numbers which are just, well before Apple pretty much unimaginable.
Shares of Apple started the day off around 7% after Steve Jobs announcement yesterday that he was taking a medical leave but wound up trading higher after it released its earnings tonight.
According to TechCrunch Apple market Cap had a one day swing of $20 BILLION.
Yes the shares of Apple which fell as much as $20 a share earlier today at the open were up as much as $15 after hours and finished up around $4 from where it started after releasing earnings after the market closed.
That’s a wild ride.
But market cap is just the starting point for Apple by the numbers that were released today.
In reporting earnings for the 4th Quarter (1st fiscal Q of Apple ending December 25th 2010)
Apple:
Generated $27 Billion in revenue.
Made $6 Billion in profit.
Sold over 7.33 Million iPads.
Sold 16.24 million iPhones.
Sold 4.3 Million Mac’s.
Sold 19.45 Million iPods (and you thought everyone had one of those already didn’t you?)
So what’s next?
Well the iPhone is coming to Verizon, and the iPad 2.o is suppose to get a major upgrade in features and resolution.
Yes the numbers are pretty hard to get your head around but no doubt as we told you a over 2 years ago its an Apple world.
I believe they have a cash reserve of $50 Billion…….shareholders want some of it, too.
Actually closer to $60 Billion
“‘the total of cash & equivalents, and short- and long-term marketable securities was $59.6 billion at the quarter’s end.””
http://blogs.barrons.com/techtraderdaily/2011/01/18/apple-fyq1-eps-crushes-estimates-16m-iphones-7m-ipads-shares-halted/?mod=rss_BOLBlog
Hello Mike,
Apples Brand is so enmeshed with Jobs that we find it hard to believe it will have no long term affects on their brand. This is a real world opinion I hope you can respect opinions.
We are not here to trash Apple but seriously do you really think his leaving will help!
Respectively, Jeff Schneider (Contact Group) (Metal Tiger)
Jeff
We don’t know if Jobs is leaving or taking a leave as he has done before for health reasons
I don’t think there is anyone alive that thinks it would be good news if Jobs was to leave Apple for good.
I mentioned this on RicksBlog in the comments section to buy AAPL shares today for a huge discount in price because of this Steve Jobs health rumor…i knew the stock price was going to go higher because of the strong earnings announcement by the end of the day…those who read my tip and followed my advice made tons of $$$$$$$$$ today.
Opportunity like this does not come every day.
It was a very easy money making day trading AAPL shares today.
Good Luck!
$51 billion + $6 billion = $57 billion CASH
what Apple can/will/want to buy with it?
We AAPL shareholders want a dividend, announce share buy back, split the stock, become partners with facebook, want Steve Jobs back in good health, etc.
All the above will make the stock rise even more…thats what we want!
if this trend continues this way, within 5 years Apple will have enough money to buy Google + Microsoft + IBM + Sony 🙂