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Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerApple Inc. (NASDAQ: AAPL) today posted record quarterly profit, easily beating Wall Street estimates
Profit was $818 million, or 92 cents per share, compared with $472 million, or 54 cents, a year earlier. Revenue rose to $5.4 billion. Wall Street had expected profit of 72 cents and sales of $5.28 billion. These figures are better than the 66 cent profit and $5.1 billion in sales that Apple istelf had projected, according to the Associated Press. Click here for the Bloomberg News story and here for the company's earnings press release.
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